PYMNTS

FEBRUARY 12, 2019

The Federal Trade Commission released a warning on Tuesday (Feb. 12) about potential “romance scams,” which cost victims a collective $143 million last year. The FTC said these particular types of scams cost people more than any other type of swindling, and that they’re expected to become more common.

Romance Scams 53

Romance Scams FTC Scams Federal Trade Commission 53

PYMNTS

FEBRUARY 25, 2020

To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. The FTC will start to provide 57,960 refunds with an average of approximately $30 to each of the scam’s victims.

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Scams Romance Scams FTC Federal Trade Commission 64

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

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FTC Romance Scams Federal Trade Commission Scams 59

PYMNTS

OCTOBER 1, 2019

Federal regulators in the U.S., meanwhile, are urging consumers to be careful of a particular type of social scam. The Federal Trade Commission (FTC) reports that U.S. consumers lose more to romance-based fraud than any other type of scheme.

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Romance Scams Scams Federal Trade Commission FTC 62

FICO

JULY 7, 2020

This can also take shape as a romance scam, where the criminal creates an enticing fake profile and builds a relationship with their unsuspecting victim. Quid pro quo scams offer a benefit to the victim in exchange for information. Sign up for free Federal Trade Commission (FTC) scam alerts.

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Scams Smishing Phishing IRS 97

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised.

Romance Scams 40

Romance Scams Consumer Federal Trade Commission Scams 40

PYMNTS

NOVEMBER 6, 2019

According to PYMNTS research, federal regulators in the U.S. are urging consumers to be cautious of a particular type of social scam. The Federal Trade Commission (FTC) reports that U.S. consumers lose more to romance-based fraud than any other type of scheme.

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Romance Scams Account Takeovers Federal Trade Commission FTC 41