scams

Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America's consumer protection agency. Learn about recent scams and how to recognize the warning signs.

Source: consumer.ftc.gov

Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
Bank of America May Ask Courts to Resolve CFPB Zelle Investigation
October 30, 2024  |  Banking

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle...

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Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
October 29, 2024  |  Security & Fraud

The flood waters have yet to recede. In Florida, the devastation is not fully accounted for, and the costs are not fully tallied. All of...

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Amazon and Google File Dual Lawsuits Against Fake Review Site
Amazon and Google File Dual Lawsuits Against Fake Review Site
October 28, 2024  |  Legal

Amazon and Google are taking action against a website that generates fake product/business reviews. The two tech giants have filed parallel lawsuits against Bigboostup.com, accusing it of selling...

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Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
Socure to Create ‘Single View of Identity’ With Effectiv Acquisition
October 24, 2024  |  Acquisitions

Socure plans to acquire Effectiv to create a unified identity, fraud and risk decision engine and offer its partners a “single view of identity.” The...

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This Week in B2B: Payments Get Interesting When Finance Teams Get Smarter
This Week in B2B: Payments Get Interesting When Finance Teams Get Smarter
October 17, 2024  |  B2B Payments

For decades, B2B payments were an unglamorous yet essential component of corporate finance. Now, B2B payments have started to become a little more glamorous as...

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Why ‘Good Enough’ Isn’t Winning Banks’ Fight Against Fraud
Why ‘Good Enough’ Isn’t Winning Banks’ Fight Against Fraud
October 17, 2024  |  Security & Fraud

How do you deal with an entity that is so malicious it will use a natural disaster to commit cybercrimes? It’s happening in the wake...

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This Week in Web3: Usability and Network Expansion Drive Stablecoin Momentum
This Week in Web3: Usability and Network Expansion Drive Stablecoin Momentum
October 16, 2024  |  Blockchain

For nearly its entire history, cryptocurrency has been searching for a sustainable product-market fit. From payments to speculative investments to supply chain management, the blockchain...

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State of the Scam: Can Crypto Clean Up While Scaling Up?
State of the Scam: Can Crypto Clean Up While Scaling Up?
October 14, 2024  |  Cryptocurrency

Crypto scams have remained a booming industry for scammers who exploit the hype, anonymity and global reach of digital currencies. But with crypto thefts and...

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FTC Refunds $449K to Victims of Extended Warranty Scam
FTC Refunds $449K to Victims of Extended Warranty Scam
October 10, 2024  |  Security & Fraud

The FTC is refunding $449,000 to victims of a telemarketing scam involving extended automobile warranties. According to a Thursday (Oct. 10) news release from the Federal Trade Commission (FTC),...

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