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Study: CFPB complaints shattered records in 2020, exposing how the COVID-19 pandemic battered consumer finances

Consumer alerts

Study: CFPB complaints shattered records in 2020, exposing how the COVID-19 pandemic battered consumer finances

Consumer complaints about problems with financial companies such as banks, credit bureaus and debt collectors rose by more than 50 percent in 2020 and set new records for each month of the year, according to a new report from the CoPIRG Foundation. The report, Consumers In Peril, which analyzed complaints received by the Consumer Financial Protection Bureau (CFPB), was released Monday to kick off National Consumer Protection Week.

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Don’t reopen too quickly

COVID-19

Don’t reopen too quickly

It’s critical that Colorado does not open too quickly. If we reopen too quickly, while the virus is not contained, all of the sacrifices we’ve made during our temporary shutdown could be for naught and people could contract COVID-19 and lose their lives unnecessarily.

Colorado needs to do 50% more COVID-19 testing, earns D+ on scorecard

COVID-19

Colorado needs to do 50% more COVID-19 testing, earns D+ on scorecard

With the novel coronavirus spreading widely in Colorado, advocacy group CoPIRG released a scorecard that gives Colorado a D+ for not doing enough COVID-19 testing. Health experts agree that testing is one of the most effective ways to combat the virus, but according to a Brown University School of Public Health model, Colorado has to do 50% more testing as it’s doing now. CoPIRG is urging Congress to quickly pass legislation to fund additional tests and testing infrastructure. 

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Report: Nursing homes cope with huge staff shortages in Colorado

COVID-19

Report: Nursing homes cope with huge staff shortages in Colorado

As of December 6, 2020, 55 nursing homes in Colorado were understaffed, potentially affecting the care of 3,103 residents in those homes. At the same time, more than 3,000 nursing homes across the country had a shortage of nurses, aides or doctors, a crippling problem that started last May and has gotten worse. At any given time throughout most of 2020, more than 200,000 Americans resided in nursing homes that admit they were suffering through staff shortages.

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