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January

9
2024
Industry News

Big Tech Rebuffs US Consumer Watchdog Plans to Supervise Digital Wallets

(Reuters) -A U.S. watchdog's plan to supervise companies like Apple and Alphabet's Google that provide digital wallets and payment apps risks stifling innovation and keeping some players out of the market, their lobby group said on Monday.

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January

9
2024
Industry News

Negotiations on Government Funding, Including Student Loan Programs, Continue

Members of Congress have reached an overall funding deal to prevent a partial government shutdown but remain divided on student loan relief proposals.

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January

9
2024
Industry News

What goes on in the shadows: FTC action against data broker sheds light on unfair and deceptive sale of consumer location data

A private eye novel? A detective thriller on a streaming service? No. According to a proposed settlement announced by the FTC, it was all in a day’s work for data broker X-Mode Social, which has billed itself as the “2nd largest US location data company.” The FTC says X-Mode and its corporate successor Outlogic, LLC sold consumers’ raw location data without their informed consent and without placing effective limits on how X-Mode’s customers used the sensitive information it bought from X-Mode.

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January

9
2024
Trends

Home-equity lending blossomed in 2023

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%.

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January

9
2024
Trends

U.S. Consumers Received Just Under 3.8 Billion Robocalls in December, According to YouMail Robocall Index

IRVINE, Calif., Jan. 9, 2024 /PRNewswire/ -- U.S. consumers received just under 3.8 billion robocalls in December, representing a 16.3% decrease from November's volume, despite an additional day in the month. December averaged 121.6 million robocalls/day and 1,407 robocalls/second, a full 19% lower than November's average of 150.2 million robocalls/day and 1,738 robocalls/second.

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