A new analysis from a consumer-focused federal agency has revealed that rental scams are an ongoing issue for renters.
The Federal Trade Commission, which protects consumers from unfair business practices, reported Monday that it’s received nearly 65,000 reports of rental scams since 2020, costing consumers around $65 million. More troubling, the Federal Trade Commission said, is that the loss totals are likely much higher since most consumers don’t report rental scams.
