Scammers are constantly finding new ways to steal money from their victims, and anyone can potentially be a target. The Bureau is part of a new Task Force on Market Integrity and Consumer Fraud, created by the President pursuant to an Executive Order. The Task Force will provide guidance for the investigation and prosecution of cases involving fraud on the government, the financial markets, and consumers, including cyber-fraud and other fraud targeting the elderly, service members, and veterans.
Acting Director Mick Mulvaney joined Deputy Attorney General Rod Rosenstein, Chairman Jay Clayton of the Securities and Exchange Commission, and Chairman Joe Simons of the Federal Trade Commission to announce the establishment of the Task Force. Acting Director Mulvaney emphasized that the Bureau will cooperate with other federal and state authorities to combat fraud against Americans. He highlighted the Bureau’s new initiative to address elder financial exploitation by expanding its collaboration with individual attorneys general and local financial institutions, and to provide technical assistance to existing and new community-based efforts to prevent, detect, and respond to elder financial exploitation scams.
The Bureau has online resources to help consumers prevent, recognize, and report scams and fraud. Some of the most common scams include fraudulent debt collection, debt relief and foreclosure relief scams. Get more information on the dangers facing consumers, and what you can do to protect yourself.