Stop SCAMS Act mandates a governmentwide strategy to counter scams and improve data collection.
The Stop SCAMS Act requires the Director of the Federal Bureau of Investigation, the Bureau of Consumer Financial Protection, and the Federal Trade Commission to develop and implement a governmentwide strategy to counter scams. The agencies must adopt a single definition of scam and various scam types, and explore ways to harmonize data collection to better identify scams. The Bureau and the Commission must report an estimate of the number of complaints received by each agency relating to scams each year and the estimated dollar losses associated with such scams.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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