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Target Card Data Breach Went On Longer Than Expected
Feb 04

Target Card Data Breach Went On Longer Than Expected

The payment card data breach that affected millions of consumers who shopped at Target retail stores took place longer than previously said. In December, the retailer said that the breach occurred from Nov. 27, 2013 to Dec. 15, 2013. However, in a testimony to the Senate Judiciary Committee, Target CFO John Mulligan said that 25

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Feb 03

Small Idaho Bank Closes as Third Bank Failure of 2014

Syringa Bank, based in Boise, Idaho with $153.4 million in assets and $145.1 million in deposits, was closed on Friday by federal regulators. Sunwest Bank, based in Irvine, Calif., agreed to purchase all assets and assume all deposits of the failed bank. The six branches of Syringa have reopened as Sunwest Bank during normal business

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Yahoo Email Hack Could Jeopardize Bank Accounts
Jan 31

Yahoo Email Hack Could Jeopardize Bank Accounts

Yahoo reported that a third-party database was hacked and there was unauthorized access to an undisclosed number of Yahoo Mail accounts, which could in turn put users’ bank accounts at risk. “Our ongoing investigation shows that malicious computer software used the list of usernames and passwords to access Yahoo Mail accounts,” said Jay Rossiter, senior

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Mint Now Allows Users to Track their Bitcoins

Mint, the popular personal financial management tool, announced that it is the first money management tool that will track users’ Bitcoins, an increasingly-popular digital currency. On top of the many financial accounts that can already be linked to Mint, the tool now links to Coinbase, the largest Bitcoin wallet service in the U.S. with more

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Obama Proposes Plan for Americans without 401(k) Accounts
Jan 29

Obama Proposes Plan for Americans without 401(k) Accounts

President Barack Obama proposed a new type of retirement account for the four-in-1o American workers who don’t have access to 401(k) plans in his State of the Union address Tuesday. Obama said he would tell the Treasury Department to create “myRA” accounts, which would allow people to invest in government savings bonds. But many questions

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Strategies to Boost Returns on Series I Savings Bonds
Jan 28

Strategies to Boost Returns on Series I Savings Bonds

Series I savings bonds, offered by the Treasury Department, are savings vehicles that can complement your typical deposit accounts. Sometimes, I bond rates are more attractive than the rates from savings and certificates of deposit (CDs). Using some strategies, including some careful timing, you can maximize the interest that you earn from Series I savings

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KeyBank to Offer Free Tax Return Prep in 15 Cities

KeyBank has partnered with nonprofit organizations to provide free federal tax return preparation in 15 metropolitan areas on Feb 1. and Feb. 8. “Our volunteers are helping hardworking individuals who are trying to make ends meet,” said Bruce Murphy, head of corporate responsibility at KeyBank, in a press release. “For households where every dollar counts,

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Jan 27

Small Oklahoma Bank Is Second to Fail in 2014

The Bank of Union, based in El Reno, Okla. with $331.4 million in assets and $328.8 million in deposits, was closed by federal regulators on Friday. BancFirst, based in Oklahoma City, Okla., agreed to purchase $225.5 million of the failed bank’s assets and assume all of the deposits. The two branches of The Bank of

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More Banks Experiment With Voice Technology

More Banks Experiment With Voice Technology

Interested in finding out how much you spent at grocery stores last month? Why don’t you ask — using your bank’s mobile app? Soon you might be able to. Wells Fargo & Co. has begun testing voice-recognition technology that could impact how its 12 million mobile-banking customers use their smartphones to bank. Wells Fargo’s move

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Neiman Marcus Card Data Breach Compromises 1.1 Million Customers
Jan 24

Neiman Marcus Card Data Breach Compromises 1.1 Million Customers

Luxury specialty department store chain Neiman Marcus announced that a data breach had compromised roughly 1.1 million customer payment cards from July 16, 2013 to Oct. 30, 2013. “We deeply regret and are very sorry that some of our customers’ payment card were used fraudulently after making purchases at our stores,” the company said in

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