Professor David Marlett, an ACI Senior Fellow, writes on the importance of terrorism insurance. This article can be found in The Hill’s Congressional Blog.
As the holiday shopping season approaches and on the heels of President Obama’s bold move that requires government-issued credit and debit cards to be equipped with new chip and PIN technology aimed at reducing fraud, the findings of a new Gallup poll are not only timely, but they also underscore the urgent need for action […]
At the same time the federal government is levying billion dollar fines on banks for mortgage dealings that preceded the Great Recession, banks are facing sophisticated cyberattacks from Russia that may cost billions more. It is not clear that banks can move swiftly enough to escape Russian cyber-piracy. So far, they have been slow to […]
President Obama recently signed an executive order that requires government-issued credit and debit cards to be equipped with new chip and PIN technology aimed at reducing fraud. Given the persistent rash of data breaches aimed at American consumers and businesses, the security measure was met with applause. But despite this progress, the vast majority of […]
Payment systems can be a dry topic until your credit card stops working or until hackers dip into your credit. Then our interest is piqued in how to avoid today’s clunky credit cards. Mobile payments will deliver more convenience and much more safety for consumers. Unlike the security exposure of credit card signatures and numbers […]
A new Gallup poll reveals widespread concern among American consumers about hacking and data breaches. In fact, those polled were more concerned about credit card crime than any other crime they were asked about. American Consumer Institute President Steve Pociask issued the following statement in reaction to the new poll: “The unprecedented uptick in recent […]
The Homeowners Insurance Rate Hearing finally began last week in Raleigh after being threatened by the North Carolina state Insurance Commissioner Goodwin back in January. It was pretty clear that unless the Rate Bureau and the member insurers withdrew the request, there would be a hearing. Since the leadership of the Rate Bureau believes its […]
Fannie Mae and Freddie Mac announced that they will be loosening the penalties they impose on mortgage originators. A deluge of mortgages defaulted during the great recession, resulting in the current regulations designed to help resist a repeat. Much of the tougher rules govern percent of market value that can be mortgaged, income to debt […]