This article was originally posted by the FTC. See the original article here.
- The top report to the FTC was about credit bureaus, such as people in majority Black communities having trouble correcting inaccurate information on their credit reports.
- Auto sales are a big concern. People living in majority Black communities filed a significantly higher percentage of reports about used auto sales than majority Latino and White communities did.
- People living in majority Black communities also filed a larger percentage of their reports about issues with banks, lenders, and debt collection than people living in White communities.
- Similar to reports from the Latino community, people living in majority Black communities reported paying scammers with payment methods that have little or no fraud protections — such as cash, cryptocurrency, money orders, and debit cards. People living in majority Black communities also filed more reports about payment apps or services and gift card or reload cards than people living in the other communities.
It’s important for the FTC and other law enforcement agencies to know how fraud and other consumer problems affect different communities. That information helps us focus our work to bring more cases to combat those problems. It also helps us learn what topics we should cover in our outreach campaigns to help people avoid losing money.
Brought to you by Dr. Ware, Microsoft Office 365 Silver Partner, Charleston SC.