FTC adopts new rule to ban payment methods used by scam artists

Scam artists are fond of using payment methods that let them get their hands on your money quickly, irretrievably, and with few traces. The Federal Trade Commission is trying to make it a lot harder for them to get by with it.

The commission has approved amendments to its Telemarketing Sales Rule (TSR), including a change that will help protect consumers from fraud by prohibiting four types of payment methods favored by con artists and scammers.

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