What the Tech: How to protect yourself from credit card skimming
The next time you take out a card to swipe to pay at a store or gas station, be aware: credit card skimmers are surging.
Credit Cards
Equifax Says Data From 143 Million Americans Exposed in Hack
Credit monitoring company Equifax says a breach exposed social security numbers and other data from about 143 million Americans. The Atlanta-based company said Thursday that “criminals” exploited a U.S. website application to access files between mid-May and July of this year. It said consumers’ names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license numbers were exposed….
US Consumer Credit Rose at Slower Pace in June
American consumers increased their borrowing at a slower pace in June, as the category that includes auto and student loans posted the smallest gain in a year. The Federal Reserve says overall consumer credit expanded by $12.4 billion in June, down from May’s $18.3 billion increase. Non-revolving credit, which includes auto and student loans, rose $8.3 billion, down from an…
US Consumer Credit Up $18.4 Billion in May, Most in 6 months
American consumers increased their borrowing in May at the fastest pace in six months, reflecting a sharp rebound in the category that includes credit cards. The Federal Reserve reports that total consumer borrowing rose by $18.4 billion in May, the strongest gain since a $25.1 billion increase in November. In addition, April’s gain of $8.2 billion, the weakest increase in…
Wells Fargo Rolls Out Ad Campaign Addressing Sales Scandal
Wells Fargo has launched a new advertising campaign to address the company’s ongoing sales practices scandal and what it is doing to make things right for its customers. The campaign, which launched Monday, is being rolled out nationally on major network evening newscasts as well as the Sunday talk shows. Wells is also buying ads on the major Spanish language…
US Consumer Borrowing Growth Slows in January
WASHINGTON (AP) – U.S. consumers bumped up their borrowing in January at the slowest rate pace in nearly three years, as outstanding revolving debt – such as credit cards – slipped from December. The Federal Reserve says borrowing rose $10.5 billion in January, an annual increase of just 3.58 percent. That marks the smallest gain since February 2013. Total borrowing…
