It’s possible that up to 10 million card holder accounts have been compromised.
MasterCard Inc. said Friday that it is investigating a possible breach of cardholder account data involving a U.S.-based entity.
The Purchase, N.Y., credit-card company said law enforcement [...]
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Ben Bernanke gave a speech in front of students from George Washington University’s School of Business as part of a four-part lecture series explaining the role of the Federal Reserve in the financial crisis.
This lecture focused on central banking and [...]
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Federal agencies will move to Amazon Web Services’ GovCloud network. Top security clearance not included.
In efforts to reduce its massive data-center footprint, the U.S. government will move to Amazon Web Services’ newest cloud-computing offering, GovCloud.
Amazon will design GovCloud specifically to handle the [...]
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Anyone who has taken out a car loan or bought a house with a mortgage has taken on debt. It’s the same for countries. They often need to borrow money to keep services going, with the promise to pay it [...]
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American Express Co. wants to get closer to its legion of 2 million friends on Facebook.
On Tuesday, the card issuer will launch a web application that tracks the profile of its cardholders on the social networking site – their likes and interests and those [...]
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Good article by The Wall Street Journal on how far the pendulum has swung the other way in the mortgage industry from where it was. The WSJ makes fair points about how banks and underwriting guidelines have gotten so restrictive over the past few [...]
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Borrowers face new set of credit checkups
Initiative targets last-minute changes in finances
Mortgage giant Fannie Mae rolled out its Loan Quality Initiative (LQI) June 1, thereby forcing homebuyers to obtain mortgages based on “refreshed” credit reports [...]
Continue Reading... →Improving Your Credit Score – 5 Tips from the Fed
#1 Get copies of your credit report–then make sure information is correct.
Go to www.annualcreditreport.com. This is the only authorized online source for a free credit [...]
Continue Reading... →My clients do the packing, but I do all the heavy lifting!
Continue Reading... →What to look for in a Home Equity Lines of Credit (HELOC)
By: Shmuel Shayowitz, President, Approved Funding
Here is a quick list so that you can better “shop” and compare different Home Equity offers.
[...]
Continue Reading... →(Wall Street Journal) A recently discovered data breach at a New Jersey credit-card processor could rank among the biggest ever reported.
Heartland Payment Systems Inc. disclosed Tuesday that cyber criminals compromised its internal computer network, gaining access to customer information associated with the 100 [...]
Continue Reading... →Source: Boston Globe – Several Internet complaint boards are filled with comments from credit card customers from coast to coast who have noticed a mysterious charge for about 25 cents on their statements.
The charge shows up [...]
Continue Reading... →(Reuters) – The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
The [...]
Continue Reading... →We’ve all seen them – the never-ending television ads and radio commercials with the catchy jingle for free credit reports and scores.
Nowadays a number of similar companies are offering free credit reports and scores. With all of these ads for freebies, it’s no wonder that [...]
Continue Reading... →Did you ever click on a banner ad advertising low mortgage rates? Did you ever submit an online mortgage inquiry?
[Tuesday, April 22 on MSNBC.COM] – LendingTree has told its customers that former employees helped unauthorized mortgage lenders hack into its [...]
Continue Reading... →Mon Mar 17, 2008 7:35pm EDT
BOSTON (Reuters) – A computer hacker stole thousands of credit card numbers after breaching security at two U.S. grocery store chains owned by Belgium-based Delhaize Group SA, the companies said on Monday.
Nearly 2,000 [...]
Continue Reading... →Fallacy:
My score determines whether or not I get credit.
Fact: Lenders use a number of facts to make credit decisions, including your FICO® score. Lenders look at information such as the amount of debt you can reasonably handle given your income, your employment history, and your [...]
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