Tuesday, March 9, 2021

FTC Coronavirus Update

Coronavirus Pandemic: The FTC in Action
March 9, 2021 Visit FTC.gov/Coronavirus for more information.

In this bulletin:

  • What to do if you're billed for an SBA EIDL loan you don't owe
  • Updated Coronavirus (COVID-19) consumer complaint data

What to do if you're billed for an SBA EIDL loan you don't owe

Did you get a bill for a Small Business Administration (SBA) loan, but you didn't apply for one? It's possible that an identity thief applied for the loan using your personal or business information. The SBA has new guidance about reporting the fraud, and the FTC has tips to help you clear up any credit problems it may cause.


Updated Coronavirus (COVID-19) consumer complaint data

Today, the FTC published its latest edition of Coronavirus (COVID-19) Consumer Complaint Data on its FTC COVID-19 and Stimulus Reports dashboard. Select a state from the map on the dashboard to view data by state.

As of March 8, 2021:

  • 372,561 Overall Reports
  • $365.69M Total Fraud Loss
  • $325 Median Fraud Loss

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