FTC, DOJ and CFPB Warn Consumers About Potential Scams and Price Gouging in the Wake of Hurricanes
October 9, 2024
As the nation braces for another major hurricane, the Federal Trade Commission along with the Department of Justice and the Consumer Financial Protection Bureau are warning consumers about those looking to take advantage of natural disasters by engaging in potential fraud or price gouging.
Scammers quickly exploit weather emergencies and take advantage of people trying to recover or donate to disaster victims. Consumers who may have encountered a scam can report it to the FTC at ReportFraud.ftc.gov.
“As Americans seek safety from natural disasters, we’re hearing troubling reports of price gouging for essentials that are necessary for people to get out of harm’s way—from hotels to groceries to gas,” said FTC Chair Lina M. Khan. “No American should have to worry about being ripped off when fleeing a hurricane. In partnership with state enforcers, the FTC will keep fighting to ensure that Americans can get the relief they need without being preyed on by bad actors exploiting a crisis.”
“Companies are on notice: do not use the hurricane as an excuse to exploit people through illegal behavior,” said Deputy Assistant Attorney General Manish Kumar of the Justice Department’s Antitrust Division. “The Antitrust Division and its law enforcement partners will act quickly to root out anticompetitive behavior and use every tool available to hold wrongdoers accountable.”
https://www.ftc.gov/news-events/news/press-releases/2024/10/ftc-doj-cfpb-warn-consumers-about-potential-scams-price-gouging-wake-hurricanes-other-natural