After Consumer Financial Protection Bureau Freezes Data Collecting, Sen. Elizabeth Warren Demands Reversal

A federal court last week again ruled in favor of Mick Mulvaney as the rightful head of the Consumer Financial Protection Bureau, which strengthens his hand on such issues as the recent decision to freeze data collection in light of cybersecurity concerns. But Sen. Elizabeth Warren, D-Mass., who conceived the idea of the consumer agency, which… Please follow and like us:

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Bamboozled: Netflix and fraud? How scammers are targeting users

Scammers often use the names and logos of legitimate businesses to try to trick consumers. This time around, the victim is Netflix, the popular streaming service and home to hot shows like Stranger Things, G.L.O.W. and Master of None. And you could be sucked in as a victim, too, if you fall for this scam. Customers… Please follow and like us:

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4 credit card traps to avoid in 2018

With the new year just around the corner, it’s a good time to reflect on your life and accomplishments over the past 12 months. It’s also a good time to think about your finances! With credit card debt at staggering levels nationwide, it’s high time to get serious about spending. Of course, credit cards can be… Please follow and like us:

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Fed hikes key interest rate again, boosts next year’s economic growth forecast

WASHINGTON — Federal Reserve monetary policymakers on Wednesday nudged up their key interest rate again and increased their forecast for the economy’s performance in 2018 as Congress neared passage of a large tax-cut package. Fed officials forecast 2.5 percent growth next year with an increase in consumer spending and business investment expected from the lower taxes,… Please follow and like us:

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What’s the deal with the debt ceiling? 5 questions answered

By Steven Pressman, Professor of Economics, Colorado State University. Ceilings are overrated. AP Photo/J. Scott Applewhite Editor’s note: The U.S. government maxed out its credit card in March and has been moving money around ever since to avoid running out of cash. But very soon we will reach the limits of this financial sleight of hand,… Please follow and like us:

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From Bitcoin to Big Business, Blockchain Technology Goes Mainstream

The technology behind bitcoin and other cryptocurrencies is being looked at by more conventional companies and businesses. Known as blockchain, it is a public digital ledger that keeps a running tally of all cryptocurrency transactions within a distributed network of computers. Once they are recorded, transactions cannot be edited or removed, thus adding to the “chain.”… Please follow and like us:

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