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Showing posts with the label CFTC Press Releases.

FTC | Press Release February 27, 2014: FTC Announces Top National Consumer Complaints for 2013.

FTC Announces Top National Consumer Complaints for 2013 Commission’s Annual Report Shows Identity Theft Continues to Top List of Complaints; American Consumers Report Losing Over $1.6 Billion to Fraud Overall Identity theft continues to top the Federal Trade Commission’s national ranking of consumer complaints, and American consumers reported losing over $1.6 billion to fraud overall in 2013, according to the FTC’s annual report on consumer complaints released today. “Americans of all ages are vulnerable to identity theft, and it remains the most common consumer complaint to the Commission,” said Jessica Rich, director, Bureau of Consumer Protection. “We urge consumers to visit FTC.gov/idtheft  for tips to prevent and mitigate the damage from identity theft.” The Commission received more than two million complaints overall, as reported in the agency’s  Consumer Sentinel Network Data Book 2013 , of which 290,056, or 14 percent, were identity theft related. Thirty percent o