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 CoronavirusCoronavirus Scams: Tips from the Read more…