Lawmakers Look To Stop Scammers Who Are Seizing On The Pandemic

The video discusses the ongoing issues of fraud, scams, and price gouging during the COVID-19 pandemic. It highlights the efforts of Congress and the Federal Trade Commission (FTC) to protect consumers, including the passing of the COVID-19 Consumer Protection Act. Despite these efforts, challenges remain, such as insufficient authority and the impact of a Supreme Court ruling on the FTC's ability to obtain monetary relief. The video also covers a congressional hearing where senators questioned the effectiveness of current measures and called for stronger enforcement and additional tools to combat fraud, especially on digital platforms.

What is the main focus of Congress and the FTC in combating fraud during the COVID-19 pandemic?

• Protecting consumer rights

• Promoting international trade

• Reducing healthcare costs

• Increasing taxes

What challenge does the FTC face in obtaining monetary relief for consumers?

• Lack of public support

• Opposition from digital platforms

• Supreme Court ruling

• Insufficient funding

How do digital platforms contribute to the challenges faced by the FTC?

• By providing financial support

• By promoting consumer awareness

• By enforcing strict regulations

• By facilitating fraud

What is a significant issue with the current state-level approach to consumer protection?

• Patchwork of laws between states

• Lack of consumer interest

• Overregulation by federal agencies

• Uniform laws across all states

What do consumer groups suggest to improve the enforcement of consumer protection laws?

• Reducing penalties for fraud

• Requesting additional authority

• Eliminating state-level actions

• Increasing taxes on digital platforms