Addressing Financial Services Fraud During the Pandemic

As a result of the COVID-19 pandemic and the economic contraction that followed, consumer complaints about fraud in bank accounts, credit cards, and pre-paid cards have increased. Connecting Communities, sponsored by the Federal Reserve System, recently released a presentation with an overview of financial services fraud, including recent data trends, stories about fraud in lower-income and older households, and critical information about key resources available to those seeking assistance. 

Highlights from the presentation:
Business Guidance During Coronavirus
Coronavirus Scams: Tips from the FTC
Report scams or questionable claims.
Get free, weekly credit reports through April 2021.
Get help from the Consumer Financial Protection Bureau.
Keep calm and avoid Coronavirus scams.