Business

October 20, 2015

Late Payments on Home Equity Loans Hit Post-Crisis Low

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.  In the second quarter, […]
October 19, 2015

Banks Plan to Spend More on Tech in 2016

Driven by the need to secure computer systems, develop analytic capabilities and enhance customer-facing platforms, most banks are planning substantial increases in spending across a wide […]
October 16, 2015

Drivers in NJ and NY Pay One-Third of All Tolls

The top 3 tolling agencies in the country are all in the New York-New Jersey region, and together account for nearly 33% of all tolls collected […]
October 14, 2015

Experian Data Breach Affects 15 Million People

A server containing sensitive consumer information at Experian was breached on October 1, with the records of as many as 15 million T-Mobile customers stolen.  There […]
October 8, 2015

Are You Better Off Than the Average American?

Is your net worth higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than […]
October 7, 2015

Credit Woes Linger: Bad Loans Above Pre-Crisis Levels

The banking industry continues to sit on a mountain of problematic loans 7 years after the onset of the financial crisis.  Credit quality is substantially better […]
October 6, 2015

Cyber-Extortionists Target Financial Sector

It sounds like a movie plot, but it’s all too real: a group with the handle DD4BC tries to hold corporations hostage, threatening distributed denial-of-service attacks […]
October 1, 2015

What You Need to Know About EMV Cards

There’s a chicken-and-egg problem with today’s deadline for consumers and retailers to switch to new chip-enabled credit cards.  A majority of consumers still haven’t received their […]
September 30, 2015

Cyber Attacks Could Threaten Bank Credit Ratings

Banks with weak cybersecurity controls could be downgraded even if they haven’t been attacked, said Standard & Poor in a recent report.  While it hasn’t yet […]