#news: Alarming number of Americans scammed out of life savings have one thing in common, prompting lawmaker response
EXCLUSIVE: As romance scams are on the rise, a bipartisan group of lawmakers is introducing new legislation aimed at holding accountable those who seek to defraud retirees and steal their hard-earned savings.
U.S. Sens. Marsha Blackburn, R-Tenn., and John Hickenlooper, D-Colo., and Rep. David Valadao, R-Calif., introduced the Romance Scam Prevention Act, which would require dating apps and services to issue fraud ban notifications to users who have interacted with a person removed from the app.
The move came as Americans are more than ever connected thanks to social media and dating apps that allow us to stay in touch with old friends all over the world and to develop new relationships online.
As Americans increasingly go online in search of relationships, scammers are following suit. According to the Federal Trade Commission (FTC), in 2022 almost 70,000 people reported being victims of a romance scam.
ROMANCE SCAMS ON THE RISE AS AMERICANS LOOK TO DATING APPS FOR LOVE: 5 TIPS TO PROTECT YOURSELF
People aged 40 to 69 are the most likely to report losing money due to a romance scam, and people 70 and older reported the highest individual median losses at $9,475,
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