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  • Experian breach is worse than bankers may realize. When Experian acknowledged Thursday that hackers had broken into one of its servers, it was bad news for everyone. Not just the 15 million T-Mobile customers whose personal information was compromised. Not just the other…
  • 15 million T-Mobile customers hacked. Hackers have stolen personal information belonging to about 15 million T-Mobile wireless customers, including Social Security numbers, home addresses, birthdates and other personal information.
  • Big banks tighten purse strings on consumer lenders. Consumer lending firms that focus on borrowers with weak credit have done surprisingly well in the last few years. Many survived the financial crisis of 2008, the Great Recession, and even went on to post…
  • Consumer Action INSIDER - October 2015. The October issue of the Consumer Action INSIDER offers information on CFPB activities and updates on coalition efforts and class action lawsuits. It also tells the tale of one woman's journey to understanding long-term care in the midst of her aging mother's ailing health; offers up the truth about prescription discount cards; gives updates on our education and advocacy work, and invites readers to our 44th anniversary celebration in Washington, DC.
  • Fewer people are defaulting on federal student loans. The number of people who fail to pay their federal student loans within three years of leaving college is down, signaling that the government’s generous repayment plans are taking off. The Obama administration has stepped…
  • Get ready to dip, not swipe, your credit cards. Instead of swiping credit cards and debit cards, more retailers are asking consumers to dip them into new card readers that are supposed to be more secure. The technology uses cards with chips embedded in them, and is supposed to…


  • ‘Never buy a boat’ and other financial advice. I have a somewhat unique perspective on dispensing financial advice. I run an asset management firm. We hear all manner of terrible advice that our prospective clients have received elsewhere.
  • Start saving (and shopping) for holiday gifts now. It’s only the first day of fall, so it may seem odd to start thinking about holiday gifts. But financial experts say that now is actually the best time to start planning and putting aside…
  • The pope has left, but his words remain. Once the choirs have stopped singing and the homilies have been delivered, will Pope Francis’s urging that we all commit to helping the poor make a difference? I hope the pope’s advocacy of the poor…
  • Credit cards with chips are to become the standard. Starting Thursday, most shoppers will no longer be swiping their new credit and debit cards into merchants' card readers to make purchases. They'll be inserting them instead — chip side first.  The new pieces of…
  • Coming soon to checkouts: Microchip-card payment systems. Starting next month, retailers that haven’t upgraded their payment systems to read E.M.V. microchips — the small, metallic rectangles that are increasingly prevalent on the front of American charge cards — will bear the financial…
  • A financial guide to retiring abroad. Is it your goal to spend your golden years living in a hut on the beach of a Caribbean island? Or do you dream of a second act running a vineyard in Tuscany? Retiring overseas…
  • 5.6 million fingerprints stolen in cyberattack. One of the scariest parts of the massive cybersecurity breaches at the Office of Personnel Management just got worse: The agency now says 5.6 million people's fingerprints were stolen as part of the hacks.

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