Jan 29 Your 'anonymous' credit card data is not so anonymous, study finds By Rebecca Jacobson, Inside Energy Out of an anonymous set of credit card data from millions of people, how easily can you find one person? Very easily, it turns out. Continue reading
Jan 12 Obama urges law to better protect consumers from company data breaches By Julie Pace, Associated Press WASHINGTON -- President Barack Obama wants Congress to pass legislation requiring companies to inform customers within 30 days if their data has been hacked, a move that follows high-profile breaches at retailers including Target, Home Depot and Neiman Marcus. Continue reading
Sep 12 One simple legal fix could help fight overseas credit card fraud, claims DOJ By Eric Tucker, Associated Press Though prosecutors do have existing tools and have brought international cybertheft cases in the past year, the Justice Department says a new law is needed at a time when criminals operating largely in Eastern Europe are able to gobble up… Continue reading
Aug 14 Credit card fraud a continuing global problem By Dave Sloan The eurozone is quickly becoming a hotbed for credit card fraud. Continue reading
Feb 22 What Consumers Should Know About New Credit Card Rules After Congress passed credit card legislation last May, new rules governing credit card companies take effect Monday. Some changes to the way companies can set interest rates and pay schedules already took effect last August. For an idea… Continue reading
Feb 19 Do We Need a Consumer Protection Agency? As the Senate continues to debate financial reform, the issue of whether to create an independent consumer protection agency has become a key point of contention. In a special roundtable, experts weigh in on whether a new agency should be… Continue reading
Aug 06 Are Credit Card Companies Raising Rates to Repay the Government? Question: I received a call from my sister this morning asking me for help regarding her credit card debt. According to her bank and credit card issuers, they are raising their credit card interest rates because they have to pay… Continue reading
Mar 19 Interest Rates on Credit Cards Are Going Up. Won't That Further Hurt Average Joes? Question: About four weeks ago, my Chase credit card informed me that the interest rate on my current balance was changing from 5.99 fixed to 10.99 variable so that Chase could “maintain profitability” on my account. I knew that I… Continue reading
Feb 10 As a Stimulus, Would it Work to Give Money to Americans to Cover Their Mortgage or Credit Debt? By Business Desk Question/Comment: As a stimulus to the economy, would it work to give money to Americans to cover their mortgage or credit debt? Paul Solman: Any spending is a stimulus. You might take a few minutes to read, as I just… Continue reading
Jan 25 Why Are People Now Encouraged To Buy? By Business Desk Question/Comment: Is this economic downturn really related to so many U.S. citizens buying themselves into big debt with credit cards? Why then, are people now encouraged to buy? Paul Solman: Citizens, corporations and government… Continue reading