Fin Cap Friday 10/28

What percentage of middle school and high school students said they use payment apps in 2022?

• 25

• 40

• 75

• 100

True or False: In 2022, the CFPB issued guidance to banks with rules about scam payments on digital apps

• True

• False

What makes it tough for leaders to know how much money has been stolen in fraudulent transactions so far?

• Lack of disclosure requirements

• Users are not reporting the fraud when it happens.

• The banks are breaking the law by not publishing the data

• The banks are breaking the law by not tracking anything

An expert estimated that as of 2022 about _______ had been stolen from digital payment fraud.

• 1 billion

• 5 billion

• 10 billion

• 32 billion

Which platform has a Digital Financial Education Center for resources about avoiding scams?

• Venmo

• Cashapp

• Paypal

• Zelle