Tennessee 10th in nation for highest rate of fraud targeting consumers
NASHVILLE, Tenn.--A new report from the U.S. Federal Trade Commission (FTC) shows Tennessee ranks 10th in the nation for the highest rate of fraud and other complaints per-capita.
Consumers in Tennessee lost over $13.7 million in 2017 according to the report. The top three complaints by consumers in the state were debt collection scams, imposter scams, and identity theft.
Identity theft has been on the rise, the state ranking 24th in the country with credit card, employment/tax, and bank fraud leading the way.
Memphis ranked 18th and Chattanooga 37th among the FTC's top 50 metro areas for fraud reports. For the southwest, Memphis ranks 3rd in the region.
Nashville ranked third in the state for fraud reports per 100k with 568 per 100k residents. Memphis had 660 per 100k and Chattanooga 603 per 100k. Knoxville reported 490 per 100k, followed by Clarksville (486) Johnson City (466), Jackson (397), and Tullahoma (382).