Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) has released statistics from the FTC’s Consumer Sentinel Network Data Book 2021 that shows consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year, according to a press release from…
Written By ESR News Blog Editor Thomas Ahearn Just in time for Valentine’s Day, the Federal Trade Commission (FTC) has revealed that would-be lovers reported losing a staggering $1.3 billion in the past five years and a record $547 million in 2021 to “romance scams” that are committed during online dating which creates opportunities for…
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) will host a series of free events focused on trending issues in identity theft that include how to reduce the risk of identity theft and recover if it occurs to mark Identity Theft Awareness Week that takes place from Monday, January 31,…
Written By ESR News Blog Editor Thomas Ahearn A lead generation company that allegedly violated the federal Fair Credit Reporting Act (FCRA) by unlawfully obtaining and reselling credit scores of consumers will pay $1.5 million in civil penalties and face restrictions on their operations as a result of a Federal Trade Commission (FTC) lawsuit, according…
Written By ESR News Blog Editor Thomas Ahearn The U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) have announced that a background report provider and its chief executive officer (CEO) were banned from engaging in deceptive negative option marketing and would pay $21 million to resolve allegations that they used “teaser background reports”…
Written By ESR News Blog Editor Thomas Ahearn In November 2021, the Federal Trade Commission (FTC) – a United States government agency that protects and educates consumers – announced the appointments of Olivier Sylvain, John Kwoka, Meredith Whittaker, Amba Kak, and Sarah Myers West to the FTC’s Office of Policy Planning, according to a press…
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) – a United States government agency that protects and educates consumers – is warning job seekers looking for employment to be aware of job scams, according to a blog entitled “Looking for a new job? Watch out for scams” written by FTC…
Written By ESR News Blog Editor Thomas Ahearn On October 14, 2021, the Consumer Financial Protection Bureau CFPB), Federal Trade Commission (FTC), and North Carolina Department of Justice filed an amicus brief with the U.S. 4th Circuit Court of Appeals to overturn a district court decision in a case involving the Fair Credit Reporting Act…
Written By ESR News Blog Editor Thomas Ahearn The Federal Trade Commission (FTC) will host its sixth annual PrivacyCon 2021 virtual workshop to examine the latest research and trends related to consumer privacy and data security on Tuesday, July 27, 2021, from 9:00 a.m. to 5:00 p.m. Eastern Time / 6:00 a.m. to 2:00 p.m.…
Written By ESR News Blog Editor Thomas Ahearn On June 29, 2021, the United States House of Representatives Committee on Financial Services held a hybrid hearing entitled “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity” on a virtual meeting platform and at the Rayburn House Office Building in Washington, D.C.…
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