American Express and Chase reporting lower delinquencies and charge-offs
Credit Card Delinquinicies
In a regulatory filing Wednesday, American Express reported that delinquencies on credit cards were down to 4.4 percent compared to 4.7 percent in May and 4.9 percent in April.
Capital One reported similar figures, stating its delinquency rates improved for a fourth straight month, falling to 4.77 percent from 4.9 percent in May.
Investors were [...]
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Internet Scams
With our weak economy, more and [...]
Could the Obsolete System increase Identity Theft?
Social Security Numbers Cracked?
Two researchers at Carnegie Mellon University have formulated a method to predict a Social Security number with little more than the individuals date and place of birth.
The researchers said that the findings could pose serious threats to the use of Social Security numbers to protect personal data, and could increase the risk [...]
Obama’s Health Care Agenda
$750-per-worker annual fee on large companies
With determination to advance Obama’s health care agenda, key Senate Democrats are calling for a government-run insurance option to compete with private plans, which also includes a $750-per-worker annual fee on large companies that do not offer coverage to their employees.
In a letter outlining the details, Senators Kennedy and Dodd, [...]