Weather forecasters are predicting an active hurricane season, but if you live in large parts of the country — including those hit by tornadoes over Memorial Day Weekend — you’ve probably noticed more active storms of all types. To get started preparing for hurricane season or any storm, while avoiding scams, check ftc.gov/Weather Emergencies for new information to help you spot, avoid, and report scams as you prepare for, deal with, and recover from extreme weather and natural disasters.
In April, FDCPA (+12.7%) and FCRA (+12.7%) suits were up over March, and TCPA (+26.2%), FDCPA (+15.2%) and FCRA (+27.4%) suits were all up YTD. CFPB complaints were also up for the month (+2%) and the year (77.9%!). The only holdup from a complete sweep was April TCPA suits, which ticked down -2.9% from March.
The U.S. House of Representatives passed a bill Thursday (May 23) that would stop bureaucrats from issuing a central bank digital currency (CBDC) without explicit authorization from Congress.
On May 16, the Illinois legislature passed Senate Bill (SB) 2933. The bill amends the Illinois Consumer Fraud and Deceptive Business Practices Act making it unlawful for a consumer reporting agency (CRA) to create a consumer report containing any adverse information that the CRA knows or should know relates to medical debt incurred by the consumer or a collection action against the consumer to collect medical debt.
Recent data from the Federal Reserve Bank of New York reveals a troubling trend in credit card delinquencies, particularly among young adults. Americans collectively owe an estimated $1.12 trillion in credit card debt, with 8.9% of credit balances falling into delinquency over the past year.
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