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June

20
2023
Industry News

Identity Crisis: Supreme Court Rules on ‘Identity Theft’ Penalty Enhancement

As part of a suite of statutes, Congress made it a crime to “exceed authorization” to access a computer (CFAA, 18 USC 1030) and to traffic in purloined passwords (18 USC 1029) and “‘Fraud and related activity in connection with identification documents, authentication features, and information’”(18 USC 1028). Congress also created an enhancement to other crimes if, in the course of committing that crime, the offender committed “aggravated identity theft;” that is, essentially, if an offender also misused the identity of another person.

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June

20
2023
Strategy

Credit Unions Can Win With Crypto via Education, Says PSCU

In the face of ongoing regulatory scrutiny and volatile market swings, the crypto landscape has shown surprising resiliency coming out of a disastrous 2022. “We’re definitely seeing more interest and more activity,” when it comes to credit union members conducting crypto transactions, Lou Grilli, senior innovation strategist at PSCU, tells PYMNTS.

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June

20
2023
Industry News

Student Loans: 14 Million Americans Will Face New Complications As Payments Resume

The federal student loan payment pause that has been in effect for more than three years will soon come to an end regardless of how the U.S. Supreme Court rules on the Biden administration’s loan forgiveness plan. When payments resume, you can expect plenty of complications — and delinquencies.

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June

20
2023
Trends

Report: Credit Card Delinquencies Rise as Consumers Drain Savings

Your card bill might read “2023,” but for credit card delinquency rates, it’s 2019. As Seeking Alpha noted in a report Monday (June 19), those rates now exceed pre-pandemic levels for at least three card companies: Capital One, Discover and Bread Financial.

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June

20
2023
Industry News

Fifth Circuit: Barton Doctrine Precluded Litigation by Chapter 7 Debtor Against Bankruptcy Trustee and Counsel

To shield bankruptcy trustees and certain other entities from litigation arising from actions taken in their official capacity, the "Barton doctrine"—now more than a century old—provides that such litigation may be commenced only with the authority of the appointing court.

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