Lina Khan, chair, Federal Trade Commission, left, and Odysseas Papadimitriou, CEO, WalletHub | FTC.gov / WalletHub.com
Lina Khan, chair, Federal Trade Commission, left, and Odysseas Papadimitriou, CEO, WalletHub | FTC.gov / WalletHub.com
Michigan ranked No. 18 in the country for per-capita credit card fraud reports in 2023.
That’s according to an analysis of Federal Trade Commission (FTC) data reported by WalletHub.
Michigan had 9.52 credit card fraud reports per 10,000 persons in the state.
Nationally, the FTC reported receiving 114,348 complaints of fraud in which the payment method was credit card. Those fraud complaints accounted for $246.1 million.
The FTC also reported receiving 416,582 reports of credit card identity theft in 2023.
WalletHub is a financial website that provides free credit scores and reports to consumers.
The FTC is an independent agency of the United States government established in 1914. It is tasked with protecting consumers and promoting competition by preventing anticompetitive, deceptive, and unfair business practices. Lina M. Khan has been chair of the FTC since June 2021.
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Where did your state rank in 2023 rank for credit card reports per capita?
Source: WalletHub / Federal Trade Commission data
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