American Monetary Association

Tag: banking

  • Is Digital Currency Real Money?

    Banned by governments, implicated in drug market money laundering and welcomed worldwide to buy big and small ticket items, the Bitcoin is paving the way for new ways to by and sell that are far removed from the traditional models of money. But the jury’s still out on whether it can behave like “real” money…

  • Housing and Job Numbers Suggest a Turnaround

    Amid the gloomy news about a slow and fitful economic recovery, some corners are clearly being turned. Those two major indicators of economic health, housing and employment, go hand in hand to suggest a more stable future. Case in point: a drop in mortgage delinquency and foreclosure rates to levels not seen since before the…

  • Services Profit From Identity Theft Anxiety

    Is the digital age becoming the age of anxiety? As security breaches and word of new identity theft scams hit the headlines on a seemingly regular basis, anyone who uses computers and mobile devices could be at risk for account hacking and identity theft. That kind of data theft costs billions a year – and…

  • Identify Theft Insurance: Promises, Promises?

    Is your identity safe? High profile incidents like the recent data hack that stole the information of Target shoppers at Thanksgiving 2013 and revelations about domestic surveillance have kicked consumer anxiety about cybersecurity into high gear. And where fear exists, opportunists aren’t far behind. Case in point: the new – and profitable – business of…

  • A Unanimous Decision Keeps the Fed’s Taper Going

    Months after it was first announced, the Federal Reserve’s plan to taper down its massive stimulus plan is gathering steam. After scaling back its $85 billion monthly buyup of mortgage baked securities and bonds by $10 billion, the Fed’s Open Market Committee has now voted to lop off another $10 billion. That brings the monthly…

  • Danger Signs for the Bitcoin in Exchange CEO’s Arrest?

    Is there a plot to kill the Bitcoin? The recent arrest of Bitcoin exchange exec Charlie Shrem makes some advocates of the digital currency believe so, as one of the charges filed against him in the Silk Road money laundering case appears to open the door for targeting alternative currency systems of all kinds. Charlie…

  • The Long Reach of Shadow Banking

    Shadow banking – the financial world most have never heard of – stepped into the light recently with news from China about an investigation into that country’s system of unregulated financial dealings. While it’s easy to assume that this alternative to mainstream banks is purely a phenomenon of countries with a history of secrecy and…

  • Mobile Banking Apps May Put Data at Risk

    Need to make a trade at three AM? Or shift money between accounts while you’re waiting in the airport? There’s an app for that. But although money management apps from online stores and financial institutions make 24/7 banking easy, a new study by cybersecuirty expert Ariel Sanchez finds that at least 90 percent of those…

  • Do You Have a Dirty Digital Footprint?

    A 2013 circuit court ruling declared that for legal purposes, you are your social media profile. As the lines between our digital lives and the “real world” keep on blurring, the footprints we leave in cyberspace can – and usually will – be used against us in situations ranging fro job applications to mortgage loans…

  • Life After Lawsuits: Megabanks Try to Regroup

    After racking up over $40 billion in legal fees fighting government sponsored lawsuits over the past few years, Bank of America wants you to know it’s changed its ways. Faced with allegations of mistreating both its customers and employees after th death of an overworked intern at one of its London branches, the bank –…

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