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March

7
2024
Industry News

AG Nessel Advises Consumers To “Slam the Scam” During National Consumer Protection Week

LANSING – As part of the Federal Trade Commission’s (FTC) National Consumer Protection Week, Michigan Attorney General Dana Nessel is encouraging residents to “Slam the Scam” on March 7.

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March

7
2024
Trends

Nevada offers fewer consumer debt protections than almost every other state, report says

Nevada is one of the worst states in the nation when it comes to offering consumer debt protections, according to a new analysis by the National Center for Access to Justice at Fordham Law School. Nevada ranked 47th in the nation on NCAJ’s Consumer Debt Litigation Index, which analyzes states against 24 specific policies designed to protect consumers.

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March

7
2024
Trends

Credit scores decrease for the first time in a decade as more borrowers fall behind on payments

The national average credit score, which has steadily increased over the last decade, fell to 717 from a high of 718 in the beginning of 2023, according to a report from FICO, developer of one of the scores most widely used by lenders. FICO scores range between 300 and 850.

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March

7
2024
Industry News

FTC reports Coloradans lost $164M to fraudsters last year

DENVER (KDVR) — The Federal Trade Commission is helping celebrate National Consumer Protection Week by sharing data about fraud in the U.S. Nationwide, Americans lost over $10 billion to fraud and scams, with Colorado residents losing $164.2 million.

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March

7
2024
Trends

New “Consumer Debt Litigation Index” Ranks States on Best Policies for Access to Justice

The National Center for Access to Justice (NCAJ) at Fordham Law School today announced the release of the Consumer Debt Litigation Index, an on-line resource that demonstrates that every U.S. state and the District of Columbia lack essential legal standards to protect consumers from wrongful, abusive debt collection tactics that can lead to homelessness, family breakup, overwhelming stress and other devastating consequences for families and individuals. There are signs of progress and many states are trying to improve, but every state has a long way to go.

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