I have plenty of thoughts about today’s Senate Judiciary hearing credit card hacking hearing, where Americans heard for the first time directly from executives at Target and Neiman Marcus. I’ll get to them in the next day or two. But this caught my eye from the testimony of Neiman Marcus Chief [Keep reading]
Money and time have a very funny relationship, and by funny, I mean, most people misunderstand it. For example: What’s more valuable to you: $10 today or $20 next month? Next year? The choice to spend or save money is a constant trade-off between having something today vs. having something tomorrow, but [Keep reading]
Executives from Target and Neiman Marcus will face a public grilling on Tuesday as they are scheduled to testify before the Senate Judiciary Committee. I’ll be there, running back and forth between the hearing and a TV camera, where I’ll be translating the corporate-speak we’ll be hearing. Officials from Consumers [Keep reading]
With all the stories of major retailers losing millions of credit card account numbers, you are probably scouring your monthly bills looking for fraudulent charges like a $700 plane ticket or $600 television you didn’t buy. That might be a big mistake. One common way credit card hackers steal commit [Keep reading]
Janet Yellen arguably becomes the most powerful woman in the world on Saturday, when she takes over as “Chairman” of the Federal Reserve. Take five minutes and get to know a little about her. The running joke about economists is that they equivocate on every question, answering always with a [Keep reading]
Neiman Marcus on Thursday released several details about its Target-like credit card hacking incident, including these key points: Hackers had access to their systems from July 16 to Oct. 30. A malicious program attempted to “scrape” payment card information during that time frame Between those two dates, about 1.1 million [Keep reading]
GE Capital, Capital One, and Barclays top the list of credit card issuer complaint targets, according to a study released Tuesday by the Public Interest Research Group. Among the top 10 targets, American Express received the fewest complaints, with U.S. Bancorp attracting the second-fewest. The study examined the number of [Keep reading]
Target has begun to e-mail victims of its data leak, and has launched a website that will allow consumers to sign up for free credit monitoring. Consumers can visit CreditMonitoring.Target.com right now and begin the process of signing up for credit monitoring. The firm is taking the added step of [Keep reading]
John Maynard Keynes is one of the most influential and controversial figures of the 20th Century, and he impacts your day to day life more than you know. After all, people who are busy trying to raise children, start a career, bolster retirement savings, care for aging parents, etc., have [Keep reading]
The IRS tries very hard to send out tax refunds quickly, so it sometimes sends them to the wrong person. Criminals have figured this out, and increasingly try to jump between you and your tax refund. They do this by filing a tax return before you do. Your solution: File [Keep reading]
Bob Sullivan