Banks, credit unions and consumer advocates warn of rising scams; FTC data cited at legislative hearing At a Nov. 18 committee hearing, banking and consumer-protection witnesses described detection and education efforts, urged better coordination and cited FTC estimates that Oregonians lost roughly $125 million to scams in 2024, with older adults disproportionately affected.

Oregonians are losing millions to increasingly sophisticated scams, with experts calling for urgent action to protect consumers and improve fraud detection.

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