Can Credit Cards With Access To Complimentary Credit Score Information Benefit Consumers And Lenders?


from the Philadelphia Fed

-- this post authored by Vyacheslav Mikhed

On November 19, 2014, Paul Wilmore, managing director for consumer markets at Barclaycard U.S., led a Payment Cards Center workshop in which he discussed his bank's experience providing a new option for credit card holders: free and frequent access to their FICO Credit Scores. This program fits well with a regulatory focus on increasing the transparency of credit information to consumers and fostering a better understanding and usage of their credit products.

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What We Read Today 09 October 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Investor Alert: Identity Theft, Data Breaches And Your Investment Accounts

from the Securities and Exchange Commission

The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to provide investors with important steps to take regarding their investment accounts if they become victims of identity theft or a data breach. Investors should always take steps to safeguard their personal financial information (e.g., social security number, financial account numbers, phone number, e-mail address, or usernames and passwords for online financial accounts). However, if identity theft or a data breach compromises your personal financial information, here are some important steps to take immediately.

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Infographic Of The Day: The World Of Aluminium

This infographic offers an insight into the world of Aluminum.

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Video of the Day:

Doctors in Australia have reattached the head of a toddler after it was severed from his spine.

video of day picture

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 more investing, markets, precious metals & forex Weekly Wrap-Up 09 October 2015

 more opinion

The Ideology of Money Scarcity

by J.D. Alt, New Economic Perspectives

I've been continuing to work on the book I first proposed here at NEP last spring-The Millennials' Money-and am getting close now to having it ready for publication. The aspect of it that was least successful (and there were several NEP comments to that effect) was the framing of the 'ideology of money scarcity' as having evolved from the particularities of the baby-boomer's generational experience.


U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.20%

by Staff,

U.S. stocks were higher after the close on Friday, as gains in theTechnology, Healthcare and Consumer Services sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average rose 0.20% to hit a new 1-month high, while the S&P 500 index added 0.07%, and the NASDAQ Composite index climbed 0.41%.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.55% to 17.15 a new 1-month low.


 USA economy at a glance (boxed items are updates in last 7 days)

02 October 2015: ECRI's WLI Growth Index Improves But Remains In Contraction

ECRI's WLI Growth Index which forecasts economic growth six months forward - again improved but remains in negative territory. This index had spent 28 weeks in negative territory then 15 weeks in positive territory - and now is in its eighth week in negative territory.

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