Staples Investigates Possible Data Breach
Staples Inc., the world’s largest office-supply chain, is investigating a potential breach of customer credit-card data, becoming the latest retailer to confront a threat from hackers in recent months.
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The biggest fear cited by nearly 1,400 people who were polled is that they won't have enough money to pay the monthly bills. more »
A U.S. district court has stopped a group of marketers in California and Nevada from conducting business using "free" trial offers and tricking consumers into disclosing their credit and debit card information. more »
Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials. more »
Americans showed more caution in taking on non-mortgage debt in August, according to the latest consumer borrowing report from the Federal Reserve. more »
JOBS EFFECT: "The better the incomes [consumers] have, the greater the capacity they have to meet debt obligations," ABA Chief Economist James Chessen said.
The gradual improvement in Americans' financial situations has led to a record low level of delinquency rates. more »
Consumer spending recovered in August as steady income growth and employment gains led more Americans to auto dealerships and retail stores, the Commerce Department said Monday. more »
Arrow Global Group, a UK-based buyer of delinquent debt from credit card companies and banks, will acquire rival Capquest from a private equity fund for $258 million. more »
A U.S. appellate court on Wednesday upheld a district court ruling that several defendants operated a scheme selling phony debt relief programs and mortgage assistance. more »
Consumer default rates rose slightly in August, reversing a downward trend, according to the latest S&P/Experian Consumer Credit Default Indices. more »
The ability to stop using credit cards and pay cash for purchases can be a sign of financial stability as it proves a person’s lifestyle is in line with their income, according to an industry association. Not surprisingly, many people are in the danger zone. more »
The bankers involved don't want to talk about it. But listen closely and read between the lines, and you can see why they might be willing to sacrifice some fees to participate in Apple's mobile payment platform. more »
Fueled by demand for auto loans and higher credit card balances, U.S. consumer borrowing soared in July and posted its biggest jump since November 2001. more »

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