Here are some highlights of the report:
- Top fraud and consumer issues reported. The FTC’s reporting data showed that the top percentage of the reports by people living in majority White and majority Latino communities were about impersonator scams. But in majority Black communities, the top percentage of the reports related to problems with credit bureaus.
- Latino community experiences. The FTC’s reporting data also showed that people living in majority Latino communities filed higher percentages of reports than majority White communities about credit bureaus, banks and lenders, debt collection, auto issues, and business opportunities.
- Black community experiences. An analysis of 23 FTC cases showed that the cases affecting the largest number of people in predominantly Black communities involved payday loan applications, student debt relief programs, and money-making schemes.
- How scammers make people pay. Reports from majority Black and Latino communities show that people are more likely to pay scammers in ways that have few, if any, fraud protections ― so: cash, cryptocurrency, money orders, and debit cards. In contrast, reports from majority White communities show that people are more likely to paying scammers with credit cards.
The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.
- We won’t post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions.
- We won’t post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups.
- We won’t post threats, defamatory statements, or suggestions or encouragement of illegal activity.
- We won’t post comments that include personal information, like Social Security numbers, account numbers, home addresses, and email addresses. To file a detailed report about a scam, go to ReportFraud.ftc.gov.
We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. The comments posted on this blog become part of the public domain. To protect your privacy and the privacy of other people, please do not include personal information. Opinions in comments that appear in this blog belong to the individuals who expressed them. They do not belong to or represent views of the Federal Trade Commission.