While everyone can be a victim of financial scams, one group is being targeted at astronomical rates. According to Bloomberg, approximately five million elderly Americans are victims of financial fraud each year. It is estimated that these individuals suffer annual losses of almost $37 billion. While this news in itself is startling, it is entirely …
Laws that Protect the Elderly Against Senior Financial Scams Read More »
Identity theft is once again the top consumer complaint in America, according to data received by the Federal Trade Commission and released in the agency’s 2012 annual report of complaints. In all, the FTC received more than two million complaints from U.S. consumers in 2012. That was a record number of consumer complaints and it marked …
The Federal Trade Commission has busted yet another operation that preyed upon cash‑strapped consumers who were seeking relief from their credit card debts.
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