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UK homebuyers are targeted by conveyancing fraud scams where criminals intercept payment instructions and redirect deposits to fraudulent accounts, sometimes causing losses exceeding £300,000 per victim.
A call-blocking device company was fined £190,000 for making hundreds of thousands of nuisance calls to elderly people who had registered to avoid such contact.
Fraudsters impersonating banks send texts about suspicious payments, then convince victims to transfer money or hand over cards. Losses from such impersonation scams have risen significantly this year.
The Federal Reserve may raise interest rates in coming months despite weak employment data, potentially increasing borrowing costs for consumers already facing affordability pressures from persistent inflation.
The Treasury Department and IRS proposed rules restricting refundable tax credits for certain immigrants, potentially affecting millions of lower-income households.
UK households are unlikely to receive additional energy bill support before October’s price cap increase, though government officials indicated targeted assistance could be reconsidered if energy prices spike further in January.
