By Deepti Govind Sample this: Nearly one-in-three Americans have fallen victim to a phone scam in the past year, according to a report from Truecaller published last week. In total, Americans lost an estimated $29.8 billion, the report added. Of the survey...
By Aara Ramesh On Monday, May 17, the Federal Trade Commission (FTC) released data about cryptocurrency investment scams, as reported by consumers in October 2020–March 2021. In that six-month period, the FTC received almost 7,000 complaints, amounting to a total of $80...
By a Biometrica staffer Are consumers being treated fairly if manufacturers of products they've bought impose repair restrictions? That's the question that the Federal Trade Commission (FTC) aims to answer in a comprehensive 56-page report. The conclusion, basically, is that the treatment...
By a Biometrica Staffer According to an October 2019 report from the Consumer Financial Protection Bureau (CFPB), there were 1,954 background screening companies operating in the United States in that year, with a total revenue of about $3.2 billion. According to the...
By a Biometrica staffer If you think scammers also took a break during the Covid-19 pandemic, think again! On Feb. 4, the Federal Trade Commission's (FTC) said it received more than 2.1 million fraud reports from consumers in 2020. Imposter scams were...
By Charlotte Spencer Graphic by Charlotte Spencer This January, the FTC brought the first cases ever under a new law passed five years ago. The BOTS Act, which passed with bipartisan support in 2016, is designed to protect consumers from people who...