Scammers May Victimize Peer-To-Peer App Users, CT Attorney General Warns
Federal and state officials are warning consumers to be vigilant when using “peer to peer” apps like CashApp, Venmo, PayPal, and Zelle to avoid losing money, giving out valuable personal information, or being victimized by scammers.
Like any product, consumers must make informed decisions with regard to the use of financial technology products including the “peer to peer” applications for smartphones, otherwise known as “prepaid accounts” or “P2P account.”
P2P Apps have become increasingly popular through companies like Venmo, Zelle, Cash App, and PayPal. While these apps can be used …
COVID Price Gouging Prompts 3,000 NJ Complaints, 500 AG Warnings, 90 Subpoenas
New Jersey authorities are continuing an ongoing crackdown on price gougers during the coronavirus pandemic.
The state Division of Consumer Affairs has issued at least 514 cease-and-desist letters and 89 subpoenas to businesses reported to have violated laws during the pandemic, state Attorney General Gurbir S. Grewal said Wednesday.
The state has so far received 2,978 complaints involving 1,800 businesses related to the COVID-19 emergency, Grewal said.
About 90 percent of the complaints involve inflated prices for surgical masks, hand sanitizer, disinfectant spray and wipes, food, b…
