Featured Stories
FCC Removes Convicted Fraudster From USF Programs
WASHINGTON, Oct. 21 -- The Federal Communications Commission issued the following news release:
* * *
FCC Removes Convicted Fraudster from USF Programs
Long Island-Based Consultant Took Kickbacks as Part of Scheme to Defraud E-Rate Program and a COVID-Era Connectivity Program
-
WASHINGTON, October 20, 2026--The Federal Communications Commission today suspended Long Island-based school consultant Richard Bernstein from participating in federal universal service fund-supported programs. It also set in motion the process to debar him from the programs. Mr. Bernstein pled guilty earlier this year
... Show Full Article
WASHINGTON, Oct. 21 -- The Federal Communications Commission issued the following news release:
* * *
FCC Removes Convicted Fraudster from USF Programs
Long Island-Based Consultant Took Kickbacks as Part of Scheme to Defraud E-Rate Program and a COVID-Era Connectivity Program
-
WASHINGTON, October 20, 2026--The Federal Communications Commission today suspended Long Island-based school consultant Richard Bernstein from participating in federal universal service fund-supported programs. It also set in motion the process to debar him from the programs. Mr. Bernstein pled guilty earlier this yearto conspiracy to defraud the United States in connection with his scheme to steer federal funds to school vendors in exchange for a share of their profits. Specifically, his scheme involved more than $100,000 in kickbacks to his consulting company for advising schools in the E-Rate program and the since-expired, COVID-era Emergency Connectivity Fund program to vendors with which he had agreements.
Hunter Deeley, Chief of the Enforcement Bureau, issued the following statement:
"Getting kickbacks under the guise of helping schools navigate federal programs is an egregious level of corruption. Unfortunately, this corrupt behavior is not unique to this case. Today's action reflects the Enforcement Bureau's ongoing effort to protect the integrity of federally funded programs. We are making progress, but the job is far from over."
Additional Background Information:
In today's action, the FCC's Enforcement Bureau formally suspended Mr. Bernstein from the E-Rate program and all federal universal service support mechanisms. The Bureau also began a proceeding to debar him from future participation in these programs. The suspension bans him from participating in the programs and the proposed debarment would remove him from the programs going forward.
In January, as announced by the Department of Justice and FCC Office of Inspector General, Mr. Bernstein pled guilty to devising a scheme and conspiracy to defraud the E-Rate and Emergency Connectivity Fund programs. In 2021 and 2022, he conspired with others to use his position as an active agent of schools seeking benefits under the ECF and E-Rate programs to solicit kickback payments from vendors of those programs. In exchange for these kickbacks, he agreed to steer the schools to select those vendors, ensuring that the vendors would receive federal funds for the services and equipment they provided to the schools through the ECF and E-Rate programs.
The FCC is committed to fighting waste, fraud, and abuse in federal programs. To that end, it launched a top-to-bottom evaluation of the E-Rate program, including proposals to strengthen E-Rate program integrity by increasing oversight of consultants, streamlining administrative processes, and eliminating certain rules for the COVID-era Emergency Connectivity Fund program. The agency also recently barred seven convicted criminals from the E-Rate program. Separately, the FCC recently adopted rules to bolster its tools for quickly and lawfully removing bad actors from federal programs. The FCC has also adopted major reforms to its USF-supported Lifeline program.
The FCC's Notice of Suspension and Initiation of Debarment Proceeding of Mr. Bernstein is available at: https://docs.fcc.gov/public/attachments/DA-26-1123A1.pdf.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DOC-426063A1.pdf
SEC, FSA Hold Autumn Financial Regulatory Dialogue
WASHINGTON, Oct. 20 -- The Securities and Exchange Commission issued the following news release:
* * *
SEC, FSA Hold Autumn Financial Regulatory Dialogue
*
The U.S. Securities and Exchange Commission (SEC) and the Financial Services Agency of Japan (FSA) convened the Autumn SEC-FSA Financial Regulatory Dialogue in Tokyo on Oct. 19, 2026.
The SEC-FSA Dialogue builds upon longstanding efforts between the two authorities to increase cooperation and strengthen collaboration on key cross-border issues and developments.
SEC Commissioner Mark T. Uyeda led the Dialogue for the SEC and Mr. MIYOSHI
... Show Full Article
WASHINGTON, Oct. 20 -- The Securities and Exchange Commission issued the following news release:
* * *
SEC, FSA Hold Autumn Financial Regulatory Dialogue
*
The U.S. Securities and Exchange Commission (SEC) and the Financial Services Agency of Japan (FSA) convened the Autumn SEC-FSA Financial Regulatory Dialogue in Tokyo on Oct. 19, 2026.
The SEC-FSA Dialogue builds upon longstanding efforts between the two authorities to increase cooperation and strengthen collaboration on key cross-border issues and developments.
SEC Commissioner Mark T. Uyeda led the Dialogue for the SEC and Mr. MIYOSHIToshiyuki, Vice Minister for International Affairs at the FSA, led the Dialogue for the FSA.
"The relationship between our agencies is one of the SEC's most successful and longstanding relationships," said SEC Commissioner Mark T. Uyeda. "This Dialogue continues to build on that relationship and helps advance coordination and cooperation on shared financial sector priorities to protecting investors."
"This dialogue provided a valuable opportunity to deepen mutual understanding between two authorities at a time when the environment surrounding capital markets is undergoing significant change." said Mr. MIYOSHI Toshiyuki, Vice Minister for International Affairs, FSA. "The FSA will continue to promote close cooperation with the SEC toward the development of sound and trusted capital markets and the protection of investors."
At the Autumn Dialogue, participants discussed recent market developments, as well as the strategic priorities of both authorities. They also exchanged views on various regulatory and supervisory matters, including developments in private and public markets, asset management, and innovation priorities.
The next SEC-FSA Dialogue is scheduled to be convened in Washington, D.C., in the spring of 2027.
***
Original text here: https://www.sec.gov/newsroom/press-releases/2026-107-sec-fsa-hold-autumn-financial-regulatory-dialogue
SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
WASHINGTON, Oct. 20 -- The Securities and Exchange Commission issued the following news release:
* * *
SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
*
The U.S. Securities and Exchange Commission (SEC) and the French Autorite des Marches Financiers (AMF) announced that they have entered into a Memorandum of Understanding (MOU) designed to facilitate consultation and information-sharing in the supervision of certain investment advisers and investment companies regulated by the SEC and investment service providers supervised
... Show Full Article
WASHINGTON, Oct. 20 -- The Securities and Exchange Commission issued the following news release:
* * *
SEC and AMF Announce Supervisory MOU To Enhance Cooperation for Investment Advisers and Investment Service Providers
*
The U.S. Securities and Exchange Commission (SEC) and the French Autorite des Marches Financiers (AMF) announced that they have entered into a Memorandum of Understanding (MOU) designed to facilitate consultation and information-sharing in the supervision of certain investment advisers and investment companies regulated by the SEC and investment service providers supervisedby the AMF.
The MOU establishes a comprehensive framework for consultation, cooperation, and the exchange of information between the SEC and the AMF in connection with investment service providers, investment advisers, and investment companies that operate in the U.S. and in France and are overseen by either the SEC or the AMF.
In particular, the MOU facilitates the SEC's registration and supervision of AMF supervised asset management companies wishing to conduct business in the United States as investment advisers. The SEC will process new and pending registration applications by AMF supervised asset management companies in the light of this arrangement.
"This MOU exemplifies the necessary spirit of cooperation in securities regulation to expand opportunity and ensure our global markets thrive in ways that are flexible, innovative, and protective of investors worldwide," said SEC Chairman Paul S. Atkins. "I thank our French colleagues for their cross-border collaboration and cooperation."
"We welcome this MOU which marks a further step in strengthening cooperation between our two authorities and reflects our shared commitment to contribute to the development of our capital markets while safeguarding the integrity and resilience of the financial system and ensuring effective investor protection," said AMF Chair Marie-Anne Barbat-Layani."
***
Original text here: https://www.sec.gov/newsroom/press-releases/2026-108-sec-amf-announce-supervisory-mou-enhance-cooperation-investment-advisers-investment-service
NCUA Announces Thirteenth Round of Deregulation Proposals
ALEXANDRIA, Virginia, Oct. 20 -- The National Credit Union Administration issued the following news release:
* * *
NCUA Announces Thirteenth Round of Deregulation Proposals
*
Stakeholders Are Encouraged to Review Notice of Proposed Rulemaking and Submit Comments
Alexandria, VA (October 20, 2026) -- The National Credit Union Administration today announced the thirteenth round of proposed regulatory changes associated with NCUA's Deregulation Project. The project is an ongoing review of NCUA's regulations to ensure regulations are focused on credit unions' safety, soundness, and resilience.
With
... Show Full Article
ALEXANDRIA, Virginia, Oct. 20 -- The National Credit Union Administration issued the following news release:
* * *
NCUA Announces Thirteenth Round of Deregulation Proposals
*
Stakeholders Are Encouraged to Review Notice of Proposed Rulemaking and Submit Comments
Alexandria, VA (October 20, 2026) -- The National Credit Union Administration today announced the thirteenth round of proposed regulatory changes associated with NCUA's Deregulation Project. The project is an ongoing review of NCUA's regulations to ensure regulations are focused on credit unions' safety, soundness, and resilience.
Withtoday's announcement, NCUA is requesting comments on three proposals that would eliminate obsolete regulations, unduly burdensome, and duplicative requirements in the Code of Federal Regulations.
The proposals include:
This is an external link to a website belonging to another federal agency, private organization, or commercial entity. 12 CFR 741.3(a) - Nonconforming Investment Special Reserve (Opens new window)
NPRM Summary
The NCUA Board (Board) proposes to remove the requirement that federally insured, state-chartered credit unions (FISCUs) maintain a special reserve for certain nonconforming investments. The proposal would also remove related references to the reserve requirement in NCUA's capital, investment, and regulations on requirements for insurance. The Board states that the changes would reduce regulatory burden, simplify requirements, and provide greater flexibility for FISCUs while maintaining safety and soundness and protecting the National Credit Union Share Insurance Fund.
This is an external link to a website belonging to another federal agency, private organization, or commercial entity. 12 CFR Part 741.7 - Conversion to a State-Chartered Credit Union (Opens new window)
NPRM Summary
The Board proposes to remove 12 CFR 741.7, which addresses the process for maintaining federal share insurance following the conversion of a federal credit union (FCU) to a state charter. The Board states that the provision is outdated and duplicates requirements already addressed in NCUA's Chartering and Field of Membership Manual (Manual). Because amendments to the Manual have superseded 12 CFR 741.7, the proposal would remove the provision to improve regulatory clarity and eliminate unnecessary duplication.
This is an external link to a website belonging to another federal agency, private organization, or commercial entity. 12 CFR 745.13 - Notification to Members/Shareholders (Opens new window)
NPRM Summary
The Board proposes to revise its share insurance regulation to simplify how federally insured credit unions (FICUs) notify members about NCUA share insurance coverage. Currently, FICUs must make certain share insurance materials available in hard copy. Under the proposal, FICUs would continue to provide notice to members but would have greater flexibility in how they do so. The proposal is intended to simplify compliance, reduce costs, and help ensure members receive current share insurance information.
Find a detailed summary for each proposal at https://ncua.gov/news/deregulation-project/.
Proposed Regulation Change Obsolete Regulations Overly Burdensome Requirements Duplicative Guidance
Proposed Regulation Change
12 CFR 741.3(a)
Obsolete Regulations
Overly Burdensome Requirements
Yes
Duplicative
Guidance
Proposed Regulation Change
12 CFR 741.7
Obsolete Regulations
Yes
Overly Burdensome Requirements
Duplicative
Yes
Guidance
Proposed Regulation Change
12 CFR 745.13
Obsolete Regulations
Overly Burdensome Requirements
Yes
Duplicative
Guidance
To submit comments, type or paste the docket numbers into the search on the This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Federal Rulemaking Portal (Opens new window).
***
Original text here: https://ncua.gov/newsroom/press-release/2026/ncua-announces-thirteenth-round-deregulation-proposals
Civil Rights Division and Equal Employment Opportunity Commission Secure $5,000,000 Joint Settlement with Instacart for Discriminating Against U.S. Workers
WASHINGTON, Oct. 20 -- The Equal Employment Opportunity Commission issued the following news release:
* * *
Civil Rights Division and Equal Employment Opportunity Commission Secure $5,000,000 Joint Settlement with Instacart for Discriminating Against U.S. Workers
*
WASHINGTON -- The United States Department of Justice's Civil Rights Division, in partnership with the U.S. Equal Employment Opportunity Commission, announced they have secured a $5,000,000 settlement with Maplebear Inc., doing business as Instacart, a San Francisco, California-based online delivery service. The settlement addresses
... Show Full Article
WASHINGTON, Oct. 20 -- The Equal Employment Opportunity Commission issued the following news release:
* * *
Civil Rights Division and Equal Employment Opportunity Commission Secure $5,000,000 Joint Settlement with Instacart for Discriminating Against U.S. Workers
*
WASHINGTON -- The United States Department of Justice's Civil Rights Division, in partnership with the U.S. Equal Employment Opportunity Commission, announced they have secured a $5,000,000 settlement with Maplebear Inc., doing business as Instacart, a San Francisco, California-based online delivery service. The settlement addressesallegations that Instacart discriminated against U.S. and American workers based on citizenship status and national origin in violation, respectively, of the Immigration and Nationality Act (INA) and Title VII of the Civil Rights Act of 1964 (Title VII). Specifically, the agencies uncovered evidence that Instacart's hiring and recruitment practices undertaken as part of the Permanent Labor Certification (PERM) process intentionally discriminated against U.S. and American workers by preferring workers with temporary employment visas. A summary of the settlement terms may be found here.
"This significant resolution marks the fifteenth settlement agreement the Civil Rights Division has reached under my leadership to protect U.S. workers," said Assistant Attorney General Harmeet K. Dhillon of the Justice Department's Civil Rights Division. "Our record demonstrates that the Justice Department is holding companies who prefer workers with temporary employment visas accountable. We will not stop fighting for U.S. workers until there is a fair playing field."
"Today's settlement makes clear that when employers erect unlawful barriers that harm American workers, the EEOC will act decisively," said Chair Andrea Lucas of the U.S. Equal Employment Opportunity Commission. "The EEOC is committed to holding companies accountable when they deny equal work opportunities to U.S. workers by preferring temporary visa holders for jobs. Discrimination against workers based on their American national origin has no place in our economy."
The Justice Department's investigation found that Instacart created additional burdens on U.S. workers to apply for job opportunities by requiring that applications be physically mailed for positions advertised as part of PERM recruitment. EEOC's investigation uncovered similar evidence. This practice departed from Instacart's standard recruitment process, which allowed electronic applications. As a result, many of the U.S. workers who applied were not timely considered.
Under the terms of the settlement, Instacart will establish a settlement fund of up to $4,000,000 to compensate Instacart applicants as well as deterred applicants affected by the discriminatory practices from December 2023 to February 2026. A claims administrator will contact potential aggrieved individuals and will determine eligibility for back pay and compensatory damages. Until the claims administrator establishes a contact email for potential victims, the DOJ and EEOC encourage applicants, as well as deterred applicants, to email Instacart@eeoc.gov if they believe they may be aggrieved so that agencies can share this information with the claims administrator.
In addition, Instacart will pay $1,000,000 in civil penalties to the United States. Instacart is also required to give U.S. workers fair opportunities to apply for jobs as part of the PERM recruitment process by posting the positions on its public career website and accepting electronic applications. The agreement also requires Instacart to train personnel on its anti-discrimination obligations, revise its employment policies, and be subject to monitoring and reporting requirements, to prevent future discrimination.
The PERM program allows employers to sponsor temporary visa holders for permanent resident status after performing good-faith recruitment for U.S. workers. However, during this recruitment process, companies cannot illegally discriminate on the basis of citizenship status or national origin by creating additional burdens for U.S. and American workers; publishing job advertisements that disfavor, limit, specify, or otherwise discriminate against U.S. and American workers; or use processes that limit, segregate, or classify applicants in any way that tends to deprive U.S. and American applicants of employment opportunities.
This settlement is the fifteenth reached since the Justice Department re-launched its Protecting U.S. Workers Initiative in 2025 to enforce the INA's prohibition on citizenship status discrimination against employers that illegally favor workers with employment visas over U.S. workers. Since the original launch of the Protecting U.S. Workers Initiative during President Trump's first administration, the Department has secured over $34 million in back pay for U.S. workers and obtained over $16 million in civil penalties from employers who discriminated against U.S. workers. Under these settlements, the Justice Department obtains civil penalties for each violation and will continue to seek the maximum penalty permitted by law. The settlements also involve awards of back pay, when warranted, and require employers to conduct comprehensive training for relevant staff and recruiters and cease restricting consideration for job opportunities based on workers' citizenship status without a lawful reason. For information about additional settlements under the Protecting U.S. Workers Initiative, visit IER's website.
As part of its work related to Project Firewall, the EEOC is protecting American workers by enforcing Title VII's prohibition on national origin discrimination against employers that illegally favor foreign workers over workers of American national origin. In addition to five lawsuits currently pending in federal court, this is the fourth public settlement reached by EEOC involving anti-American national origin discrimination since 2025.
***
Original text here: https://www.eeoc.gov/newsroom/civil-rights-division-and-equal-employment-opportunity-commission-secure-5000000-joint
FTC Order Preserves Competition in Digital Advertising Ecosystem as Part of Publicis's Acquisition of LiveRamp
WASHINGTON, Oct. 19 -- The Federal Trade Commission issued the following news release:
* * *
FTC Order Preserves Competition in Digital Advertising Ecosystem as Part of Publicis's Acquisition of LiveRamp
*
The Federal Trade Commission has taken steps to preserve competition in the digital advertising ecosystem by requiring Publicis Groupe S.A. to continue providing neutral and nondiscriminatory access to LiveRamp Holdings Inc.'s products and services, and to establish firewalls to prevent Publicis from accessing LiveRamp's customer data, in order to complete Publicis's acquisition of the company.
The
... Show Full Article
WASHINGTON, Oct. 19 -- The Federal Trade Commission issued the following news release:
* * *
FTC Order Preserves Competition in Digital Advertising Ecosystem as Part of Publicis's Acquisition of LiveRamp
*
The Federal Trade Commission has taken steps to preserve competition in the digital advertising ecosystem by requiring Publicis Groupe S.A. to continue providing neutral and nondiscriminatory access to LiveRamp Holdings Inc.'s products and services, and to establish firewalls to prevent Publicis from accessing LiveRamp's customer data, in order to complete Publicis's acquisition of the company.
Theproposed consent order would address the FTC's concerns that Publicis's acquisition of LiveRamp, which provides data connectivity services that help facilitate the secure and confidential movement of data used for digital advertising, would harm competition in the markets for media agency services and audience data services.
Under the $2.2 billion deal, Publicis, which provides media agency services including media planning and buying for digital advertising campaigns, would acquire 100% of LiveRamp. The deal would likely result in Publicis having the ability and incentive to foreclose customers of competing media agency service providers by using its control of LiveRamp to push customers to switch their media agency business to Publicis even if those customers otherwise prefer competing media agencies, according to the FTC's complaint.
"By requiring LiveRamp to continue operating as it does today as a neutral platform, this order will ensure that Publicis does not gain an unfair advantage over its competitors in the digital advertising marketplace," said David Shaw, Principal Deputy Director of the FTC's Bureau of Competition. "The FTC's action today ensures that the digital advertising marketplace can continue to grow and evolve without risking harm to competition."
LiveRamp is the leading data connectivity provider in the U.S. media marketing ecosystem and the only provider with a full spectrum of data connectivity services. Publicis is the largest among the five major advertising agencies in the United States. It also provides audience data services through its Epsilon subsidiary that help companies target their advertising to particular audiences. The FTC alleged that combining Publicis and LiveRamp would decrease competition in the relevant markets for media agency services and audience data services in violation of Section 7 of the Clayton Act.
The FTC also alleged Publicis would deny or degrade access to LiveRamp services on which competitors rely, which would lead to higher costs and lower quality services for customers of competing digital advertising services. In addition, the FTC alleged that under the deal Publicis would gain access to competitively sensitive data of non-Publicis clients serviced by LiveRamp, which Publicis would leverage to pressure those clients to switch to Publicis.
Under the proposed order, Publicis and LiveRamp, for five years, are required to:
* Provide non-discriminatory access and support on fair and reasonable terms to LiveRamp's standalone products and services and are prohibited from denying, degrading, delaying or impairing LiveRamp customers' continued access to LiveRamp's standalone products and services
* Establish firewalls to ensure that Publicis does not access or use LiveRamp customer data and confidential business information that it receives from a customer's use of LiveRamp's standalone products and services
* Appoint an independent auditor to audit the company's compliance with the proposed contractual commitments every six months for the first two years after the date that the proposed transaction closes, and then once a year thereafter for the following three years
The order also provides additional protections for LiveRamp customers, including a requirement that Publicis shall not retaliate against customers that discuss compliance concerns with the Commission. Under the order, LiveRamp customers also have the option to request an audit of Publicis's compliance with the data protection, privacy and security obligations as applied to the requesting customer. The order also provides for third-party mediation of contractual compliance disputes that remain unresolved after 30 days.
The Commission vote to issue the complaint and accept the consent agreement for public comment was 2-0.
The public will have 30 days to submit comments on the proposed consent agreement package. Instructions for filing comments appear on the docket. Once processed, they will be posted on Regulations.gov.
NOTE: The Commission issues an administrative complaint when it has "reason to believe" that the law has been or is being violated and it appears to the Commission that a proceeding is in the public interest. When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions.
The Federal Trade Commission works to promote competition and to protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers, file an antitrust complaint, or comment on a proposed merger. For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.
***
Original text here: https://www.ftc.gov/news-events/news/press-releases/2026/10/ftc-order-preserves-competition-digital-advertising-ecosystem-part-publiciss-acquisition-liveramp
FTC Issues Annual Report to Congress on Agency's Actions to Protect Older Adults
WASHINGTON, Oct. 19 -- The Federal Trade Commission issued the following news release:
* * *
FTC Issues Annual Report to Congress on Agency's Actions to Protect Older Adults
*
The Federal Trade Commission issued its latest report to Congress on protecting older adults, which highlights key trends based on fraud reports submitted by older adults and the FTC's efforts to combat the problem.
The report, Protecting Older Consumers 2025-2026, details the FTC's efforts to stop unfair or deceptive acts or practices that impact older Americans through law enforcement actions, consumer education campaigns
... Show Full Article
WASHINGTON, Oct. 19 -- The Federal Trade Commission issued the following news release:
* * *
FTC Issues Annual Report to Congress on Agency's Actions to Protect Older Adults
*
The Federal Trade Commission issued its latest report to Congress on protecting older adults, which highlights key trends based on fraud reports submitted by older adults and the FTC's efforts to combat the problem.
The report, Protecting Older Consumers 2025-2026, details the FTC's efforts to stop unfair or deceptive acts or practices that impact older Americans through law enforcement actions, consumer education campaignsand outreach, and coordination with partners. It also highlights data analysis of consumer reports on fraud targeting older adults, including estimates that the overall cost of fraud to older adults in 2025 could be as high as $119.5 billion,
"The FTC is committed to protecting older Americans from scams, including by taking every action necessary to shut down fraud operations," said Christopher Mufarrige, Director of the FTC's Bureau of Consumer Protection. "This latest report showcases our enforcement actions, outreach efforts and other initiatives the FTC has undertaken to defend older adults from fraudulent enterprises and educate Americans on how best to protect themselves from scams."
Older Adult Fraud Reporting Findings
The report outlines key findings from reports submitted in 2025 to the Consumer Sentinel Network, which collects reports from consumers about fraud and other consumer problems. Key findings include:
* Total fraud losses reported by older adults (ages 60 and over) increased about fivefold from 2020 to 2025, skyrocketing from about $600 million in 2020 to approximately $3 billion in 2025. This increase was driven largely by growing reports of extraordinarily large individual losses.
* Total reported fraud losses by older adults to investment scams jumped 42% in 2025 to over $1 billion, with consumers reporting that scammers often reach them on social media.
* In 2025, older adults continued to report much higher median individual dollar losses than younger adults. The disparity remained particularly large among people 80 and over, whose median reported loss was $2,000.
* Older adults continued to report losing money to fraud at lower rates than younger adults and filed no-loss fraud reports at much higher rates.
* Older adults continued to be more likely than younger adults to report losing money on tech support scams; prize, sweepstakes and lottery scams; romance scams; government impersonation scams; and scams impersonating friends or family members.
The report also details the FTC's law enforcement actions that had an impact on older adults, which included matters involving debt relief services, health insurance fraud, government and business impersonation schemes, money-making opportunities and tech support scams.
The report also details the FTC's outreach and education efforts through such programs as the Never Ever campaign, a public-private coordinated consumer education effort to raise awareness about government and business imposter scams. The report highlights the FTC's collaboration with key partners, including government, academia and a wide array of partners from the nonprofit, financial services, retail and technology sectors. It also highlights the FTC's efforts to coordinate with our criminal law enforcement partners to provide support and resources to older adults harmed by fraud, including referring older adults who suffered significant fraud losses to the DOJ's National Elder Fraud Hotline for extra assistance.
The Commission vote authorizing the issuance of the report to Congress was 2-0.
***
Original text here: https://www.ftc.gov/news-events/news/press-releases/2026/10/ftc-issues-annual-report-congress-agencys-actions-protect-older-adults (TNSmrp)