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Wednesday, September 26, 2018
Tuesday, September 25, 2018
Freezing your credit is now free
It’s been one year since Equifax announced publicly that through its bureau, hackers had accessed the personal information of more than 145 million people.
Since that time, though, very few people have taken security experts’ advice and frozen their credit reports, a cautionary measure that should prevent anyone from fraudulently opening a new credit account in one’s name.
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Thursday, September 20, 2018
Three men charged with alleged $364 million Ponzi scheme in Maryland
Federal authorities in Maryland have charged three men with running a $364 million Ponzi scheme for more than five years.
Kevin Merrill, Jay Ledford, and Cameron Jezierski were arrested Tuesday and charged with using 30 companies and more than 55 bank accounts to bilk hundreds of investors.
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Wednesday, September 19, 2018
Tuesday, September 18, 2018
Executive Conversation: Jim Wehmann on FICO’s latest credit score innovations
Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Jim Wehmann, executive vice president of FICO Scores, to discuss some of FICO’s newest innovations, including the FICO Score Planner.
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Wednesday, September 5, 2018
Tuesday, August 28, 2018
APNewsBreak: Nation’s top student loan official resigns
The government’s top official overseeing the $1.5 trillion student loan market resigned in protest on Monday, citing what he says is the White House‘s open hostility toward protecting the nation’s millions of student loan borrowers.
Seth Frotman will be stepping down as student loan ombudsman at the end of the week, according to his resignation letter , which was obtained by The Associated Press. He held that position since 2016, but has been with Consumer Financial Protection Bureau since its inception in 2011.
Frotman is the latest high-level departure from the CFPB since Mick Mulvaney, President Donald Trump‘s budget director, took over in late November. But Frotman’s departure is especially noteworthy, since his non-partisan office is one of the few parts of the U.S. government that was tasked with handling student loan issues.
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