Federal Trade Commission

Subscribe to Federal Trade Commission

Another fall-out from the pandemic is that impersonation fraud has increased dramatically. According to the Federal Trade Commission, “the COVID-19 pandemic has spurred a sharp spike in impersonation fraud, as scammers capitalize on confusion and concerns around shifts in the economy stemming from the pandemic.” Impersonation fraud costs “have increased an alarming 85 percent…

The Federal Trade Commission released a new enforcement policy statement on October 28, 2021, targeting the practice known as “Negative Option Marketing.” Negative Option Marketing is the practice of taking consumers’ silence as tacit consent in various circumstances, including automatic subscription renewals and free-trial marketing. In the statement, the FTC outlined four general requirements for…

The Federal Trade Commission (FTC) issued a Final Rule on October 27, 2021, amending the Standards for Safeguarding Customer Information, known as “the Safeguards Rule,” under the Gramm-Leach-Bliley Act, which is applicable to a broad range of non-banking financial institutions. The FTC approved the Amendment by a vote of 3-2. The FTC’s press release states…

This week, the Federal Trade Commission (FTC) issued a Scam Alert to consumers notifying them that scammers are impersonating employees of the IRS promising a third Economic Impact Payment if they access forms through a link in an email or over the telephone.

The IRS warns consumers that governmental agencies, including the IRS, never call…

In an unusual but significant move, on August 4, 2021, the Federal Trade Commission (FTC) removed Aristotle International from the Children’s Online Privacy Protection Act (COPPA) Safe Harbor List. There were 7 organizations on the list, which were approved by the FTC to self-regulate themselves under COPPA, but with this first removal by the FTC,…

Robocalls continue to be irritating and their increased frequency is distracting and exhausting, at least in my experience. We can usually spot them when our caller ID says “potential spam” or if we don’t recognize the number, but robocallers are getting more sophisticated, just like other scammers.

A frequent and increased scam is one alleging…