LANSING – Michigan Attorney General Dana Nessel joined Hank Winchester with WDIV-Detroit to alert consumers that artificial intelligence (AI) is now being used by scammers to make their requests for money and personal information more convincing.
The average incidence of suspected digital shopping fraud during the Cyber Five days — the days from Thanksgiving, Nov. 23, through Cyber Monday, Nov. 27 — was up a whopping 12% in the U.S. compared to the rest of the year, according to a new analysis from TransUnion.
The CFPB carefully monitors developments in state law and regulation relating to consumer financial protection. The California Department of Financial Protection and Innovation (DFPI) recently proposed to undertake registration and examinations of companies that provide what the proposal refers to as “income-based advances.” Earlier this week, the CFPB submitted input on DFPI’s proposal.
LIVE OAK, Texas, Nov. 30, 2023 /PRNewswire/ -- The Board of Directors at Randolph-Brooks Federal Credit Union (RBFCU) has chosen Mark Sekula to be RBFCU's next President/Chief Executive Officer. Sekula will officially begin this position in mid-March 2024 and will replace Christopher W. O'Connor upon his retirement.
Pandemic relief improved many consumers’ finances in 2020 and 2021, but in 2022 financial stability and health deteriorated across a range of measures. Using the 2023 Making Ends Meet survey, we show that in 2023 consumers were still on average somewhat better off financially than they were in 2019 but the trend is negative. Financial well-being was unchanged between 2022 and 2023 but more families had difficulty paying their bills. Income variability declined in 2023 but remains higher than in 2019.
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