Month: January 2020

Sluggish Holiday Sales for Kohls Despite Help From Amazon

Historically popular mid-price department stores in the United States have experienced a steady decrease in brick-and-mortar foot traffic over the past several years. The main cause has been a massive shift by consumers from shopping primarily offline to utilizing digital online options and home delivery. Online storefronts have helped department stores make up some lost …

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CFPB Files Lawsuits Against Student Loan Debt Relief Firms

This week, the Consumer Financial Protection Bureau (CFPB), a consumer protection agency created by the Dodd-Frank Act of 2010, has filed lawsuits against a number of people and companies involved in student loan debt relief services. According to the CFPB, these companies illegally obtained consumer reports, charged illegal advance fees for services, and engaged in …

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Get PCI Compliant

Payment Card Industry compliance refers to a specific grouping of standards that have been set up to help ensure that customer data is being secured uniformly throughout the industry. MasterCard, Visa, Discover, and American Express set up the Payment Card Industry Security Standards Council over 13 years ago in 2006 with a view to helping …

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Qatar Bans Crypto Trading

On December 26, 2019, the Qatar Financial Centre Regulatory Authority (QFCRA) announced via a press release posted to Twitter that virtual asset services were no longer allowed in the Doha-based Qatar Financial Centre Authority (QFC). The QFCRA’s decision essentially cut off more than 500 financial firms and other businesses within that location from crypto trading. …

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Planned Fee Schedule Limits Access to Free ATM Cash Withdrawals in the UK

For many British consumers, using the ATM at their local convenience stores, which are colloquially known as corner shops, is the best way to access bank funds for free. The traditional arrangement consists of banks paying interchange fees to ATM operators; thus allowing account holders to enjoy free cash withdrawals they usually spend at the …

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Hackers Steal Credit Card Data at Major Seafood Restaurant Chain

Individuals who have wined and dined at theme restaurants such as the Bubba Gump Shrimp Company and the Rainforest Cafe at least once since 2016 may want to review their credit and debit card statements. According to a notice posted by restaurant giant Landry’s shortly after New Year’s Day, hackers were able to inject malware …

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