News May 3rd 2021

Fighting Fraud And Bad Deals: Consumer and Financial Protection for Service Members

Fighting Fraud And Bad Deals: Consumer and Financial Protection for Service Members

May 3rd, 2021

Service members, military retirees, and their families are sadly not immune from consumer and financial fraud and are often directly targeted. High mobility, a steady government paycheck with publicly available information on salaries, BAH, etc., by rank and location, and other factors contribute to bad actors seeking to take advantage of service members and their families. According to the Federal Trade Commission, military members reported higher median loses from consumer …

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