Texas Sees Surge in Fraud Losses as Advocates Push for New Protections

Evolving scams, rising losses, and a push for stronger protections in Texas.

By Mark Hollis, AARP Texas 

AUSTIN, Texas -- As financial scams become more sophisticated, Texas advocates are intensifying their focus on policy solutions ahead of the 2027 legislative session.

The Texas Elder Justice Coalition, a statewide network working to combat financial exploitation of older adults, plays a central role in that effort. For AARP Texas, participation provides critical insight into emerging threats.

“Fraud is evolving quickly, and our response has to keep pace,” said Stephanie Mace, associate state director at AARP Texas. “The coalition helps us stay connected to what’s happening on the ground and shape solutions that better protect older Texans.”

The urgency is growing. Fraud losses in Texas have surged in recent years, with older adults disproportionately affected. AARP Texas has responded by expanding community education and outreach, including free events and workshops outlined in its Texas Shred ’Em fraud prevention campaign, which brings shredding services and scam education directly to communities statewide. AARP Texas also hosts fraud prevention workshops, virtual presentations, and telephone town halls, while volunteers lead community presentations where audiences learn to recognize and avoid scams. In addition, said Rosalinda Martinez, AARP Texas’ senior director of community strategy: “Outreach extends into everyday settings, like community events and sports venues, where we engage residents with fraud awareness resources and tips.”

At the TEJC Summit in mid-June, advocates emphasized a clear trend: scams are becoming faster, more coordinated, and harder to detect. Technology is enabling real-time financial exploitation, while traditional schemes, such as impersonation and investment fraud, remain widespread.

“Today’s scams are more immediate and more targeted,” Mace said. “That makes prevention and enforcement much more challenging.”

Cryptocurrency kiosks, or so-called “crypto-ATMs,” and related technologies have emerged as a major concern. AARP research shows these machines are used in scams because transactions move quickly and are difficult to reverse.

“We’re seeing these machines show up more often in fraud cases, and the lack of consistent safeguards in Texas puts consumers at risk,” said Andrea Earl, associate state director at AARP Texas.

Some local governments are beginning to respond. In May, the San Antonio City Council unanimously approved an ordinance requiring cryptocurrency kiosks to display clear warning signs about common scams — an effort to give consumers a moment to pause before completing potentially irreversible transactions.

“This is a meaningful step to raise awareness and help prevent losses before they happen,” said Lisa A. Rodriguez, AARP Texas director. “It shows how targeted, commonsense protections can make a real difference for Texans.”

Rodriguez said action like this is important, and broader policy solutions are still needed. AARP has called for stronger protections nationwide, including licensing, transaction limits, and clearer warnings.

Looking ahead to the 2027 legislative session, Rodriguez said AARP Texas plans to prioritize stronger consumer protections for cryptocurrency kiosks. “Stronger safeguards are essential if we’re going to stay ahead of how these scams are evolving,” she said. 

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Texas Sees Surge in Fraud Losses as Advocates Push for New Protections