Americans Whip out Their Credit Cards in May
Americans took on more credit card debt in May than they had in years, and continued to ramp up more student and auto loans as well, the latest Fed data show....
Identity Fraud Costs Americans $21 Billion
In 2012, the number of identity fraud victims in the U.S. rose for the 2nd year in a row, by 1M to a total of 12.6 million; fraud losses amounted to $20.9B....
On Take-offs and Mobile Payments
While I have a lot of sympathy with Salmon's contention that mobile payments aren't "clearly superior" to credit cards, I can't agree that they won't take off....
The U.S. Is Catching up with the Rest of the World in Mobile Payments
Long a laggard in the adoption of mobile payments, the U.S. is catching up with the leaders and is now home to some of the world's biggest m-payments companies....
Social Data Will not Replace FICO, but Will Improve Credit Scoring
Skepticism of the use of social data for the purposes of evaluating borrowers' creditworthiness is fairly widespread, but it is misplaced....