J.P. Morgan’s ‘Zombie Debt’ Collection Practices Have Garnered a $136M Settlement

Author Financiarul Posted on July 17, 2015July 19, 2024Categories Business, Economy, Headlines   Leave a comment on J.P. Morgan’s ‘Zombie Debt’ Collection Practices Have Garnered a $136M Settlement

There’s nothing that American consumers like better than to see a major Wall Street financial institution put in its place, and consumers certainly got some entertainment out of the latest court ruling that cracked down on J.P. Morgan Chase and Co., resulting in a $136 million settlement for abuses on credit and debit card collections. According to USA Today and the Wall Street Journal, state and federal authorities began investigating the banking conglomerate after discovering possible “legal violations in…. the … Continue reading “J.P. Morgan’s ‘Zombie Debt’ Collection Practices Have Garnered a $136M Settlement”

Recent Report Shows Increase in EMV Security

Author Financiarul Posted on July 17, 2015July 19, 2024Categories Business, Technology   Leave a comment on Recent Report Shows Increase in EMV Security

According to a recent report, more merchants are installing EMV card readers to reduce liability to their businesses from fraudulent transactions. This is beneficial to the consumers because it increases the security of credit and debit transactions. EMV stands for Europay, MasterCard, and Visa. Experts call the protective efforts a “liability shift,” which instates policy that shields businesses from having to pay for their own losses in the case of fraudulent transactions. Nearly 67% more American citizens were affected by … Continue reading “Recent Report Shows Increase in EMV Security”

Commercial Mortgage-Backed Securities Not Performing Well, Experts Say

Author Financiarul Posted on July 17, 2015July 19, 2024Categories Business, Economy, Investing   Leave a comment on Commercial Mortgage-Backed Securities Not Performing Well, Experts Say

Despite an ostensibly strong showing in previous years, commercial mortgage-backed securities (CMBS) are starting to lose their strength. Sddt.com reports that after an incredible return of 11.4% to CMBS investors in 2014, a return better than several other investments such as junk bonds and treasuries, the first half of this year saw a dismal CMBS return. JPMorgan Chase and Co. and Barclays Plc index found the securities fell 1.84% in June, a dip that caught many investors off-guard. CMBS are … Continue reading “Commercial Mortgage-Backed Securities Not Performing Well, Experts Say”

Banks Are Trying to Stay Afloat with New Methods of Business

Author Financiarul Posted on July 17, 2015July 19, 2024Categories Business, Economy, Investing   Leave a comment on Banks Are Trying to Stay Afloat with New Methods of Business

Feel like a latte with your loan? A Capital One branch is hoping that a new initiative, in which cafes will be located inside bank branches, will pay off for them. As a result of a huge shift in the banking industry due to the prevalence of online and mobile banking, banks are finding it harder and harder to get customers to come into their branches. The problem is, the banks need their customers to come into their branches for … Continue reading “Banks Are Trying to Stay Afloat with New Methods of Business”

Online Business Booms Despite Predictions of Increased Identity Theft and Fraud, Report Finds

Author Financiarul Posted on July 16, 2015July 19, 2024Categories Business, Economy, Technology   Leave a comment on Online Business Booms Despite Predictions of Increased Identity Theft and Fraud, Report Finds

Current trends indicate that consumers in the U.S. will spend nearly $370 billion online by 2017. However, even though business may be booming, new research also indicates that the dangers of online card not present transactions (CNP) will increase. As many as eight million consumers are likely to experience both a credit card breach as well as identity fraud within the same year by 2018, according to Javelin Strategy and Research. This is just one of the many startling findings … Continue reading “Online Business Booms Despite Predictions of Increased Identity Theft and Fraud, Report Finds”

Sea-3, Inc.’s Expansion Proposal Under Review

Author Financiarul Posted on July 15, 2015July 19, 2024Categories Business, Investing   Leave a comment on Sea-3, Inc.’s Expansion Proposal Under Review

Transportation and storage company Sea-3, Inc. is trying to expand its operations at its Newington, New Hampshire plant. Seacoastonline.com reports that New Hampshire’s Site Evaluation Committee has already granted the company an exemption from a 12-month review of its previous expansion project in the late 1990s, and the company is hopeful the committee will do the same for its proposed project, which was approved by the Newington Planning Board last year. Paul Bogan, Vice President of Operations for Sea-3, Inc.’s … Continue reading “Sea-3, Inc.’s Expansion Proposal Under Review”

What’s The Only U.S. City Investing In Affordable Housing, Not Luxury Units?

Author Financiarul Posted on July 9, 2015July 19, 2024Categories Business, Investing   Leave a comment on What’s The Only U.S. City Investing In Affordable Housing, Not Luxury Units?

On Tuesday, July 7, Boston Mayor Martin J. Walsh announced a surge in affordable housing construction in the New England city. Even though Boston is one of the most expensive real estate markets nationwide, 43% of all new housing built in 2015 is either affordable housing or middle-class housing and rental units, representing a rare exception to the national rule. Luxury home prices may never reach the inflated levels they experienced prior to the Great Recession, but they are trending … Continue reading “What’s The Only U.S. City Investing In Affordable Housing, Not Luxury Units?”