FTC calls for company accountability in hacking cases

Feb 17, 2011 Brian Bradley

FTC calls for company accountability in hacking cases

The Federal Trade Commission recently settled a case involving three companies that resold consumers' credit reports but did not adequately protect those consumers' personal information. Those failures allowed for computer hackers to


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Kentucky lawmakers axe short term lending bill

Feb 17, 2011 Todd Milner

A bill moving through the Kentucky legislature aimed at capping short term lending interest rates was shot down by lawmakers, who were motivated to keep the industry at its current standing, the Lexington Herald-Leader reports.The bill would have


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Default rate falls across numerous fields

Feb 17, 2011 Brian Bradley

Research from Standard & Poor's and Experian has found that the default rate has slipped in numerous industries, providing another sign of economic improvement among consumers. Auto lending, credit card and mortgages - including first


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Missouri to demand proper ID for access to sensitive records

Feb 17, 2011 Brian Bradley

Missouri to demand proper ID for access to sensitive records

Missouri further enhanced statewide identity verification regulations by passing a law requiring individuals to present legal identification when requesting "sensitive" records, the Columbia Missourian reports. Under the new regulation,


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Minnesota car dealer busted in auto loan scam

Feb 17, 2011 Brian Bradley

Minnesota car dealer busted in auto loan scam

The owner of a Minnesota car dealership was sentenced to 10 years in prison and forced to repay more than $31 million after he was found guilty of running a lengthy auto lending scam that included $80 million in false loans, Reuters reports.Denny


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