The financial news that actually matters
Covers financial scams, fraud cases, regulatory enforcement actions, and government crackdowns on illegal financial activity. It educates readers on financial safety and risk prevention.
Federal and state agencies across the country are warning the public about a persistent phone scam in which callers claim the recipient missed jury duty and must pay a fine or face arrest. The Federal Trade Commission, the U.S. Marshals Service, the FBI, and attorneys general in multiple states have all issued alerts confirming that…
A proposed class-action lawsuit accuses Charter Communications of failing to protect personal data belonging to tens of millions of Spectrum customers. The complaint alleges that names, addresses, and account details were exposed in a breach that the company reported to California state regulators. Charter filed a breach notification sample with the California Department of Justice,…
Fake job offers arriving by text message are draining bank accounts and exposing Social Security numbers on a scale that federal agencies now treat as a top consumer threat. The Federal Trade Commission, the FBI’s Internet Crime Complaint Center, and the Social Security Administration’s Office of the Inspector General have all issued separate warnings about…
Americans lost $3.5 billion to imposter scams in 2025, a roughly 20 percent jump from the prior year, after the Federal Trade Commission logged more than one million reports in that category alone. A growing share of those cases started with a fake romantic connection before the scammer pivoted to pushing fraudulent cryptocurrency or forex…
Fake text messages claiming drivers owe unpaid tolls helped push reports of government-imposter scams up 40 percent in 2025, according to the Federal Trade Commission. The texts spoof familiar programs like E-ZPass, SunPass, FasTrak, and TxTag, threatening late fees or suspended registrations to pressure recipients into tapping a malicious link. With losses from cash payments…
Drivers across the United States are losing billions of dollars to scammers posing as government agencies, and a growing share of those losses trace back to a simple text message claiming an unpaid toll. The Federal Trade Commission received over 1 million imposter-scam reports in 2025, with total reported losses climbing nearly 20% to $3.5…
The Federal Trade Commission issued a consumer alert in June 2026 describing a phishing scheme that hijacks the familiar CAPTCHA verification box to push malware onto personal computers. The fake pop-ups do not just annoy users. They walk victims through a specific keyboard sequence that silently pastes and runs a hidden command, opening the door…
Fraud victims who already lost money to scams are now being targeted a second time by imposters claiming to be Federal Trade Commission employees and offering to recover those losses. The FTC issued a consumer alert in June 2026 warning that these callers text fake photo IDs, cite badge numbers, and promise to retrieve stolen…
The Federal Trade Commission is warning consumers that fake CAPTCHA prompts are tricking people into installing malware on their own computers. Instead of verifying a human user, the bogus “prove you’re human” boxes instruct visitors to press specific key combinations that paste and execute hidden malicious code. The stolen data includes email logins and mobile…
A proposed class action accuses Bitcoin Depot of processing $76,000 in fraudulent transactions through its ATMs after an impersonation scammer targeted a single victim in Massachusetts. The complaint alleges the company’s machines moved the funds despite warning signs consistent with well-known crypto fraud patterns. State attorneys general in Massachusetts and Iowa have filed separate enforcement…