The New American Pie: Breached, Tracked and Strip Searched

Identity Theft

The New American Pie: Breached, Tracked and Strip Searched

The New American Pie: Breached, Tracked and Strip Searched

For those of us who care about privacy, these past seven days have truly sucked. With relatively little fanfare in the midst of a cacophonous (that means “noisy” Senator Santorum) parade of news, three significant events seriously undermined our constitutional right to privacy and highlighted (in a muted sort of way) the extent to which… Read More

The Global Payments Breach and Your Credit Score

Identity Theft

The Global Payments Breach and Your Credit Score

The Global Payments Breach and Your Credit Score

Stories and reports of larger scale data breaches in the financial services space seem to be happening with more frequency of late. Just this past week, Global Payments, a company that processes credit card transactions, reported that as many as 1.5 million card numbers were compromised in a data breach. Should you be concerned? What… Read More

Debit vs. Credit: The Facts About Fraud Liability

Identity Theft

Debit vs. Credit: The Facts About Fraud Liability

Debit vs. Credit: The Facts About Fraud Liability

The recent credit card security breach at Global Payments is a wake-up call for all of us. We get in a comfort zone and forget that our financial information isn’t really in a fool-proof “vault.” Hackers sometimes find a way to breach even the best security systems. The folks who hack into data systems aren’t… Read More

Cancelled Student Loan Debt Creates Tax Nightmare

Students

Cancelled Student Loan Debt Creates Tax Nightmare

Cancelled Student Loan Debt Creates Tax Nightmare

When Kim Thompson’s $91,000 student loan balance was cancelled due to total disability, she thought she had put at least one of her problems behind her. Instead, she traded it for another: a massive debt to the IRS. Two years ago, Thompson, who lives in New Jersey, was diagnosed with a tumor that eventually led… Read More

Democratic Lawmakers Push for Student Loan Debt Forgiveness

Students

Democratic Lawmakers Push for Student Loan Debt Forgiveness

Democratic Lawmakers Push for Student Loan Debt Forgiveness

A number of Democratic U.S. lawmakers are now making a large push that may help those in particularly dire financial straits to find relief from student loan debt, which currently cannot be discharged through bankruptcy. U.S. Senators Dick Durbin, Sheldon Whitehouse and Al Franken joined with Reps. Steve Cohen, Danny Davis, George Miller and John… Read More

The Risks of Responding to Pre-Approved Credit Card Offers

Credit Cards

The Risks of Responding to Pre-Approved Credit Card Offers

The Risks of Responding to Pre-Approved Credit Card Offers

Several colleagues and friends noticed they have recently started getting more credit card offers in the mail and that the offer terms are very attractive. Some examples include 0% interest on all charges for the first 12 months, a waiver of the balance transfer fee, larger reward perks and annual fee waivers – for the… Read More

3 Big Credit Card Data Breach Secrets

Identity Theft

3 Big Credit Card Data Breach Secrets

3 Big Credit Card Data Breach Secrets

Card numbers for as many as 1.5 million MasterCard and Visa cards were compromised in a recent data breach of payment processor Global Payments Inc. As a result, issuers are canceling cards and reissuing new ones for customers, while MasterCard and Visa are doing their best to reassure cardholders that they won’t be held responsible… Read More

Foreclosure Activity Creeping Up Again

Mortgages

Foreclosure Activity Creeping Up Again

Foreclosure Activity Creeping Up Again

The number of foreclosures by mortgage lenders experienced by consumers nationwide has dipped significantly in recent months due to a recently-settled investigation by state and federal authorities, but now that the case has been cleared up, those incidents are taking place once again. The number of foreclosure filings across the country dipped to a total… Read More

Foreclosure Mediation Seen as a Help to Consumers

Mortgages

Foreclosure Mediation Seen as a Help to Consumers

Foreclosure Mediation Seen as a Help to Consumers

Though the housing market is still improving, albeit rather slowly, many consumers live under the threat of foreclosure or have already suffered this type of action. However, more states are now turning to a process that proponents say allows more homeowners to keep their property. A number of states across the country have now adopted… Read More

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