Tag: banking
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The Age of Information – Or Confusion?
TMI – too much information – not only makes for awkward social moments, but when you’re immersed in the round the clock flow of constantly available information, some experts say it can also derail goals and impair decision making. For investors and anyone who relies on the many internet sources available to get information and…
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3 Keys to Safe Transactions on Mobile Devices
Online banking and shopping is so yesterday. Thanks to new smartphone and tablet technology, you can deposit checks, make purchases, and even take credit card payments wherever you go. But the ease and convenience of mobile transactions also leave users vulnerable to identity theft and account hacking. Internet security experts recommend three steps to keep…
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Prosecutors Race the Clock in Bank Fraud Cases
By last count, the nation’s big banks have spent $66 billion in the last three years to fight an array of civil and criminal charges for misconduct ranging from foreclosure fraud to bribery. But there’s more to come. Although the US Department of Justice, aided by the attorneys general of all 50 states, has been…
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Bank Fraud Investigations Keep On Coming
The housing market is finally back on track after the catastrophic collapse of a few years ago. But the damage done by the nation’s biggest mortgage lenders continues to unfold, Bank of America has been grabbing headlines for its ongoing and unapologetic bad behavior, but now JP Morgan Chase, another of the megabanks responsible for…
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More Lawsuits Reveal Lending Industry Fraud
Second verse, same as the first. Since the housing collapse of 2008 brought to light misleading, fraudulent and downright illegal tactics by the country’s major lenders, lawsuit after lawsuit has been filed by both government and private entities against these megabanks. But in spite of all efforts to clean up the dirty side of mortgage…
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The US Housing Market Welcomes Chinese Investors
A changing economic picture brings new perspectives. A few years ago, Japanese investors with big bucks began snapping up US real estate at ferocious rates and raising fears that Asian investors would end up owning the country. Now, though, as Chinese investors take the lead in foreign investment in US real estate, a shaky housing…
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The Litecoin: New Digital Currency Challenges the Bitcoin
Bitcoins have only been around for a few years, but they’re already starting to lose their edge and go mainstream. As Bitcoin stock trades first up, then down, along with concerns about porn site links hacked into Bitcoin code, the digital currency pioneer has acquired a rival. Enter the LItecoin, a new digital money with…
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How Does the Federal Reserve Affect You?
Buying a car? Looking for a job? Stocking up at the grocery store? The decisions you make about these things and many more are driven by the actions of the Federal Reserve. Although it seems that shadowy body only matters in the arcane world of high level finance, the Fed is responsible for the ebb…
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5 Ways to Protect Your Money Online
Doing business online – even sensitive financial operations – is quick and easy, though far from safe. Cyber crime costs about $100 billion worldwide each year, and ven the most internet-savvy investor can become a victim of internet scammers and hackers. But a few simple strategies can help keep financial information safe. Use a Single…
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Bitcoins, Babies and Bernanke: What’s Next for Digital Money?
The Bitcoin has only been around for four years. Although it’s still in its infancy, the digital currency created by an anonymous hacker has changed the way we think about money and how it’s used. Bitcoin stock has traded high and fallen low, and the network of goods and services that can be purchased with…