Iowa Secretary of State Paul Pate described the “STOP Fraud Act” as a significant first step in protecting homes from being used as fake business addresses and combating business fraud.Pate said the new law allows his office to dissolve fraudulent businesses faster, but admitted it does not address the root of the problem. “And that is why I’m working with the Better Business Bureau and these other organizations to go to the next level. And that is whether it’s educating the public to be better consumers so they can watch for these bad actors, or whether it’s looking for what’s the next scam so that we can be more proactive and get ahead of it,” Pate said. He also said Iowans already have tools available to fight fraud and encouraged people to sign up for warnings and alerts from their banks or credit unions.
Iowa Secretary of State Paul Pate described the “STOP Fraud Act” as a significant first step in protecting homes from being used as fake business addresses and combating business fraud.
Pate said the new law allows his office to dissolve fraudulent businesses faster, but admitted it does not address the root of the problem.
“And that is why I’m working with the Better Business Bureau and these other organizations to go to the next level. And that is whether it’s educating the public to be better consumers so they can watch for these bad actors, or whether it’s looking for what’s the next scam so that we can be more proactive and get ahead of it,” Pate said.
He also said Iowans already have tools available to fight fraud and encouraged people to sign up for warnings and alerts from their banks or credit unions.