It is rare in today’s political climate to find something that Republicans and Democrats agree upon so it is heartening to see the recent introduction in the U.S. Senate of the TRAPS Act, which is an acronym for Taskforce for Recognizing and Averting Payment scams.  The legislation was sponsored by Republican Senator Mike Crapo of Idaho. and co-sponsored by Democratic Senator Mark Warner of Virginia, Republican Senator Jerry Moran of Kansas and Democratic Senator Raphael Warnock of Georgia.  If enacted into law the Act would create a new federal task force led by the Treasury Department and including members from eight other federal agencies and departments including the Consumer Financial Protectioin Bureau and the Federal Trade Commission.

The purpose of the task force would be to analyze trends in various payment scams including spoofed calls, text message scams and more as well as identify effective methods of preventing such scams,  The task force would also review the current mehtods used to scam consumers through various payment platforms such as bank accounts and gift cards.  It would also work to develop educational programs for the public to arm everyone against scams.

TIPS

Informing people about scams is what we do every day at Scamicide.com and we applaud the efforts of Senator Crapo and the other sponsors of the legislation to take action to protect people from being scammed.  I urge you to contact your Senator and ask them to support this important legislation.

Meanwhile the best place to find a helping hand is at the end of your own arm so keep following Scamicide and suggest to your friends and family to follow Scamicide so you can be alerted to the latest scams and how to avoid them and protect yourself.  We are all in this together.

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