FinanciaRUL : Finance Basics for a Secure Future

SEC’s In-House Jury-less Trials Under Fire

Financiarul July 21, 2015July 19, 2024Headlines

The Securities and Exchange Commission has been doing a pretty good job recently. In 2014, its enforcement division brought 755 cases and collected an agency record $4.1 billion. However, its powers may soon be weakened. The U.S. Chamber of Commerce recently called for numerous reforms to the SEC’s investigation process in a new report. The Center for Capital Markets Competitiveness (CCMC), which authored the report, suggests in the document strengthening policies surrounding in-house trials, admissions of wrongdoing, and “Wells notices,” … Continue reading “SEC’s In-House Jury-less Trials Under Fire”

The Student Loan Crisis: Why One Government-Backed Tuition Program May Not Be Enough

Financiarul July 20, 2015July 19, 2024Economy, Headlines

Student loan debt: it’s the one part of college that can haunt you before you’ve even arrived on campus, and it remains your unwanted friend for long after you’ve graduated. Although plenty of Americans will argue that the student loan debt crisis reached its boiling point at least a few years ago, the government is finally attempting to curb the problem. As The Consumerist reports, the Obama Administration proposed back in January a piece of legislation that aims to make … Continue reading “The Student Loan Crisis: Why One Government-Backed Tuition Program May Not Be Enough”

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

Financiarul July 17, 2015July 19, 2024Business, Economy, Headlines

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

Financiarul July 17, 2015July 19, 2024Business, Technology

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

Financiarul July 17, 2015July 19, 2024Business, Economy, Investing

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

Financiarul July 17, 2015July 19, 2024Business, Economy, Investing

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

Financiarul July 16, 2015July 19, 2024Business, Economy, Technology

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”