FTC Testifies Before the U.S. Senate Committee on Veterans’ Affairs About the Agency’s Work to Crack Down on Fraud and Related Threats Against the Military Community

The Federal Trade Commission testified before the U.S. Senate Committee on Veterans’ Affairs today about the work the agency is doing to crack down on fraud and related threats against veterans and the broader military community.

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FTCFTC
URL: 
https://www.ftc.gov/news-events/news/press-releases/2023/04/ftc-testifies-us-senate-committee-veterans-affairs-about-agencys-work-crack-down-fraud-relatedhttps://www.ftc.gov/news-events/news/press-releases/2023/04/ftc-testifies-us-senate-committee-veterans-affairs-about-agencys-work-crack-down-fraud-related
Retrieved on: 
Wednesday, April 19, 2023
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Sentinel, Consumer protection, Department, Theft, Education, Face, Commission, Bureau, Identity theft, AMG, Federal Trade Commission Act of 1914, Blog, Veteran, Federal Trade Commission, Supreme, United States Department of Veterans Affairs Police, FTC, Program, United States Senate Committee on Commerce, Science, and Transportation, Fraud, News, Social media, Dietary supplement
Summary
Key Points: 
  • The Federal Trade Commission testified before the U.S. Senate Committee on Veterans’ Affairs today about the work the agency is doing to crack down on fraud and related threats against veterans and the broader military community.
  • The testimony discussed fraud, enforcement actions, and rulemaking initiatives involving the military community, and the FTC’s military-specific consumer education and outreach efforts.
  • In 2022, the FTC’s Consumer Sentinel consumer complaint database received over 195,000 complaints from the military community, including over 150,000 reports from veterans and military retirees.
  • Military consumers reported monetary harm of over $414 million from fraud, an increase of more than 50 percent from the previous year.
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