This week, the FTC launched a new interactive tool to view its aggregated consumer complaint data. Previously released annually, data collected through the Consumer Sentinel Network will now be reported quarterly. The FTC’s data tool is interactive and allows users to narrow the data by state, type of fraud, contact method, age of victim, amount of loss, and more. With just a few clicks, you can see that consumers in Virginia have lost $19.6 million to fraud so far this year, surpassing last year’s total of $15.1 million by 30%—and it’s only mid-October! The data tool also helps explain why so many robocalls around the nation’s capital seem to be for vacation scams—Maryland and Virginia are ranked #1 and #2 for reports of travel, vacation, and timeshare fraud. The tool contains quarterly and annual data going back to 2014, permitting users to view trends over time on very specific issues. The FTC hopes its new quarterly data releases will provide consumers with more timely information on consumer complaints and the types of scams and other fraud they face.
In that spirit, the FTC also announced its new Consumer Protection Data Spotlight, touted as a “deep dive” into the consumer complaint data to highlight emerging or existing trends. (No word on how often the Spotlight will be published, but we are guessing that it may accompany each new quarterly data release.) This reporting is eerily similar to how the Consumer Financial Protection Bureau used to publicize its consumer complaint data.