FTC issues annual report to Congress on its actions to protect older adults

The Federal Trade Commission has issued its latest report to Congress on protecting older adults, which highlights key trends based on fraud reports by older adults, and the FTC’s multipronged efforts to combat the problem through law enforcement actions, rulemaking, and outreach and education programs.

The report, Protecting Older Consumers, 2023-2024, A Report of the Federal Trade Commission, also outlines a number of actions taken by the FTC-led Scams Against Older Adults Advisory Group, which was created as a result of 2022’s Stop Senior Scams Act. The group, which includes representatives from numerous federal and state government agencies, developed guidance designed to help interrupt scams that target seniors and prepared a report highlighting what research says are the challenges to effective consumer education messaging to prevent scams.

Read the full FTC press release about the report by following this link. 

Read the full FTC report on Protecting Older Consumers by following this link.