What is the difference between consumer fraud and identity theft?

Consumer fraud and identity theft both fall under the Texas Consumer Fraud Law. But there is a distinct difference between the two. Consumer fraud is a form of deception where an individual or business attempts to gain something of value from another individual or business through false or misleading statements. This can include things like false advertising, using false information or figures in contracts, or collecting funds without providing the goods or services for which those funds were intended. Identity theft is a type of consumer fraud where a person fraudulently uses someone else’s personal information without that person’s knowledge or permission. This could involve obtaining a person’s Social Security number, credit card number, or other personal information and using it to make purchases or take out loans. Consumer fraud involves deception and false statements, whereas, identity theft involves stealing someone else’s personal information and using it for financial gain. Both are covered under the Texas Consumer Fraud Law and can result in civil and criminal penalties.

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What is the difference between consumer fraud and identity theft?

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