AOC, Bernie Vow to Shut Down Amazon’s New ‘Credit Builder’ Card
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez want to shut down a new Amazon “credit builder” card for people with no credit or bad credit.
credit cards
Philadelphia Bans Cashless Stores, Restaurants
Philadelphia has reportedly become the first city in the United States to ban cashless stores and restaurants in an attempt to be more “inclusive” to Americans without bank accounts.
Marriott: 500 Million Starwood Customer Records Compromised in Data Breach
Marriott International announced Friday that the data of up to 500 million Starwood customers was compromised.
Pakistani Central Bank Challenges Reports of Massive Security Breach
According to independent cybersecurity analysts and some officials from Pakistan’s Federal Investigation Agency (FIA), a large-scale hacking operation attacked the nation’s banks beginning on October 27, reports revealed Tuesday.
Let the Good Times Roll: Consumer Credit Expands More Than Forecast
The latest data suggests that the Trump economic expansion is still running strong.
Dash Upgrade Promises Lower Fees — and Strong Competition for Bitcoin, Visa
Dash ($DASH), a decentralized digital currency, released an upgrade to its blockchain code Wednesday that promises to reduce most transaction fees to less than a third of a penny, boasting that it has upgraded its scaling capabilities as Bitcoin struggles under the load of its users’ activity.
Study: Nearly Half of Congress Vulnerable to Fraudulent Foreign Donations Due to Lack of Basic Credit Card Security
A new study reveals that 44 percent of members of Congress with active donation pages do not require industry-standard credit card security codes for online donations—a vulnerability that makes fraudulent foreign donations more likely. Among Democratic members of Congress, less
MasterCard Tests Credit Cards with Embedded Fingerprint Reader
MasterCard is currently testing a credit card with a fingerprint scanner embedded within it, creating an extra layer of biometric authentication to keep the accounts of their customers as safe as possible.
Study: 63% of Americans Would Be Unable to Handle Unexpected Expense
According to a new study by Bankrate.com, over half of Americans cannot financially handle a bill of $500 or more. 63 percent said they would be unable to handle an unexpected expense.
Marco Rubio Plans to Release Credit Card Records
Sen. Marco Rubio promised that he would release credit card records that have brought intensified scrutiny to his financial habits when he was the leader of the Florida State House of Representatives.
Banks Raising Sub-Prime Credit Card Limits, Again!
The Office of the Comptroller of the Currency (OCC), which regulates the financial risks posed by the lending activity of American national banks, has officially reported that banks are expanding sub-prime credit by raising borrowing limits for credit card holders. The new concerns follow an OCC report last June that flagged “problematic” recent high-risk corporate takeovers, car loans through auto dealers, and commercial finance lending.
