Government

March 25, 2016

Collector Accused of Stealing $1M in Debts

Alan Ceccarelli, a Buffalo, N.Y.-based debt collector, allegedly misled and coerced thousands of people into paying debts they possibly didn’t owe, according to a 41-count grand […]
March 22, 2016

Consumer’ Outlook Improves in February

Consumers’ expectations about earnings, income and spending improved in February, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations.  Survey respondents also […]
March 18, 2016

CFPB Recovers $14.3 Million for Consumers

The Consumer Financial Protection Bureau (CFPB) released its latest supervision report where the exams of banks and non-banks resulted in the remediation of $14.3 million to approximately 228,000 […]
March 15, 2016

What Banks Can Learn From the IRS Data Breach

The IRS recently acknowledged that the number of taxpayers whose information has been stolen by hackers through its systems is 724,000 – more than double the […]
March 14, 2016

U.S. Housing Market Stirs Excitement

Recent economic data and corporate earnings reports make it easy to remember why the housing market is expected to be one of the U.S. economy’s bright spots for […]
March 11, 2016

States With the Most Household Debt

Total U.S. household debt continued to climb in the fourth quarter of 2015. According to the Federal Reserve Bank of New York’s Quarterly Report on Household […]
March 7, 2016

Some Advisers Aren’t Reporting Cyber Breaches

Many advisory firms are playing with fire by failing to report to regulators cybersecurity breaches, both big and small, experts say.  “What we see firms are […]
March 3, 2016

Consumer Debt Rises with Age

Debt held by consumers in the U.S. as they age is rising, according to an analysis by the Federal Reserve Bank of New York.  From 2003 […]
March 1, 2016

Banks’ Biggest Cyber Threat Might Be ‘Human Element’

In the battle against cybercrime, investing in people is just as important as investing in technology.  Cybercriminals are increasingly targeting individual bank employees to get access inside the […]