The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
American households racked up a record $17.29 trillion in debt last year, driven by mortgage, credit card and student loan balances, according to the latest numbers from the Federal Reserve Bank of New York. Now, fresh data indicates an alarmingly high percentage of consumers began falling behind on their payments at the same time.
The Washington State Department of Financial Institutions has issued this Consumer Alert to notify Washington consumers that there appears to be an increase in the use of virtual currency kiosks to perpetuate fraudulent or illicit activity.
On December 22, 2023, New York Governor Kathy Hochul vetoed proposed legislation that would have banned all employee non-compete agreements in New York.
U.S. consumers got a bit of a break from robocalls in December, according to the YouMail Robocall Index. The firm said that the volume of robocalls was the lowest since February 2022 and “a stunning” 20% below the 2023 average of about 4.6 billion such calls per month.
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