India, Oct. 23 -- The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator.

In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices. It will also offer advice for consumers filing complaints on what to do next based on their reports.

The FTC has also launched a new video explaining how the site works.

For long, the agency has urged consumers to report these issues to the FTC, whether or not they lost money to the fraud. The new site takes the place of the FTC Complaint Assistant. The sit...