Amazon Launches a Credit Card for People Who Otherwise Wouldn’t be Eligible for One

Amazon wants to make their rewards credit card available to more people. To do this, Amazon partnered with Synchrony Financial, a publicly traded bank, and launched “Amazon Credit Builder” – a program for shoppers with no credit history or bad credit, who would otherwise not be able to obtain Amazon’s loyalty cards. Synchrony executive vice […]
  • Vladimir Sumina
  • June 11, 2019
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Kroger may ban Visa cards

Do you take Visa? Supermarket chain Kroger announced that it may ban Visa cards from its store because of the fees the credit card company charges per transaction. In fact, some of its subsidiaries have already taken action. California-based Foods Co. announced that it will stop accepting Visa debit and credit cards in August across […]
  • Ben Norman
  • August 2, 2018
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Equifax could have prevented breach with a simple patch, experts say

Last Thursday, credit-monitoring firm Equifax announced that hackers had breached its computer systems and compromised the data of as many as 143 million Americans. Thursday, the company confirmed that the perpetrators of the attack did, as rumored, exploit a weakness in Apache STRUTS. Equifax identified the exploited vulnerability as Apache Struts CVE-2017-5638. In March, industry […]
  • William Van-Lear Black
  • September 19, 2017
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New Data Estimates Student Debt Total Over $1.3 Trillion

A quarterly report on household debt and credit by the Federal Reserve Bank of New York revealed that student loan debt now totals over $1.3 trillion as of December 2016. The report, released in February of 2017, notes the $31 billion increase in outstanding student loan balances. MarketWatch’s live tracker shows student debt increasing by […]
  • Anahit Moumjian
  • February 26, 2017
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Moody’s Pays Millions In Rating Inflation Settlement

The second largest credit-rating agency, Moody’s agrees to pay $864 million. The money goes toward the settling of federal and state claims of inflated mortgage investments. Moody’s admits it did not meet its own standards when it came to rating security risks baking home mortgages and collateral debts. The deal made Friday was with the […]
  • Sharnita Sanders
  • January 14, 2017
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Are Microchip Credit Cards the Answer?

Identity theft, and especially credit card fraud, have been a not so new plague across this country. Target, Neiman Marcus and P.F. Chang’s have all experienced massive data breaches recently, which resulted in millions upon millions of credit card numbers being stolen. Since then national retailers have been scrutinizing the security measures they have in […]
  • Ben Feinstein
  • June 24, 2014
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Macy’s Wins Battle and Anticipates Damages

Macy’s has won a decisive battle in a war that’s been ongoing for two years. New York Supreme Court Justice Jeffrey K. Oing, ruled that JC Penney interfered in the enduring relationship between Macy’s and Martha Stewart Omnimedia. Former JC Penney CEO Ron Johnson formulated a plan to have Martha Stewart’s company transform Penney’s home […]
  • Blaine Martin
  • June 20, 2014
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