Scams

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Digital Scams More Likely to Hurt Black and Latino Consumers

In particular, a 2021 FTC report, “Serving Communities of Color” (PDF), notes that members of predominantly Black and Latino communities who reported scams are more likely than those in white communities to have conducted their transactions using cash, cryptocurrency, or money orders, which offer minimal fraud protections, while members of predominantly white communities are more likely to have used credit…