Petition for Rulemaking of Central Office of Reform and Efficiency (Impersonation Rule)
Summary
The Federal Trade Commission (FTC) is proposing a new rule to crack down on impersonation scams, where fraudsters pretend to be government agencies, companies, or trusted organizations to trick people into giving up money or personal information. This rule would give the FTC stronger tools to punish scammers and protect consumers from these common schemes.
Key Points
- 1The rule targets scammers who impersonate legitimate organizations (like banks, the IRS, or social media companies) to commit fraud
- 2It would allow the FTC to impose penalties and take legal action against impersonators more quickly and effectively
- 3The regulation protects consumers from financial losses and identity theft caused by impersonation scams
- 4The public has until March 1, 2025 to submit comments on the proposed rule before the FTC makes a final decision
- 5If approved, this rule would create clearer standards for what counts as illegal impersonation and what penalties scammers face
Key Dates
January 29, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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