Were about to compromise the Payment System, the electrical grid, you wouldnt say lets kick it to the states. Lets let them handle it. I dont think you would do that. Whatever you do will be helpful, even if directionally. It will be better than what we have now for the sectors that dont have any standard in those states. Miss moy . Right, so i would say a couple of things. One is that consumers are protected right now by the federal trade Commission Section five authority, and the ftc is enforcing that. As weve heard, theyve enforced over 50 cases since 2001. And consumers in the other 47 are, you know 47 states and three jurisdictions are protected by breach notification laws. So there are protections existing for consumers. I think setting a floor and not a ceiling, as ive mentioned before, there is a clear pattern in terms of whats covered, even by the disparate state laws. So as a practical matter, most companies that have to comply with the laws of multiple states are just comply
Headlines today. Megan hughes follows the story on credit card hacking in the wake of the massive data breach at target. Lets begin with julie hyman in todays big rebound in stocks. Good afternoon. Declinesund from the we have seen to date. 2014 not off to an auspicious start, with the s p 500 falling almost six percent yesterday, then coming back from that today. Factory orders coming in not as poorly as had been estimated. Affecting matters, some of the earnings news we have gotten. Discretionary stocks are leading gains today because of a couple of stories. Michael coors shares are soaring after the retailer came out with earnings that Beat Estimates. Those shares are doing much better than the overall market. They are also catapulting michael coors himself into billionaire status. Analysts say these numbers bode well. In brands shares are also the Consumer Discretionary category. They are doing well today after that companys earnings report. The combination of factors is driving up
Wealthy, it was structured to make American Society homeowners. And now were in 2013, and its only the wealthy who have access to the conventional market. And we need to be much more aggressive about thinking through one of the appropriate measures to use such that the governments backstop, whether its fannie or freddie or private institutions, actually serve a public purpose which is to build Home Ownership across the income and across the racial spectrum in america. You know, im not as intelligence at the three of you to be able to remember all six questions david asked [laughter] thats why were answering just one. But i think your question was, you know, with Interest Rates rising, is that going to create any urgency . I dont think it creates urgency around gse reform. Rates are still incredibly low, and even if they go to 5 or 5. 5, its historically low. So i dont think that impacts affordability tremendously. It certainly impacts the monthly payment. I dont think thats going to ha
Bangui, one person was reporte reportedly killed. Same sex marriages will continue in utah. A federal judge denied the request to block his ruling. And two members of the controversial punk band pussy radiosout was released. Im richelle carey. Those are your top stories around the world. For more information on those stories go to www. Aljazeera. Com. Thank you for your time. Your data, your rights, and your protections are the inside story. Hello, im ray suarez. Woe to the unknowing consumer who wants to wrap up Holiday Shopping at the big box target target this season. Perhaps many of us doing what we do every day have come under threat from a growing crime. Account data theft. The sophistication of the criminals far out ways the built in protections from the retailers and creditors who lend us money. One banks reaction appears nor selfserving than the good of customers, what are you going to do, unless your sure your account information is safe . Is cash king after all . Well talk a
Account data theft. The sophistication of the criminals far out ways the built in protections from the retailers and creditors who lend us money. One banks reaction appears nor selfserving than the good of customers, what are you going to do, unless your sure your account information is safe . Is cash king after all . Well talk about all this. But first some background. Reporter on the backside of your credit or debit cart i cara black magnetic strip why all your information is stored. The strip is the target of hawkers. Security as many as from retailers, banks and Credit Card Companies so consumers have in a sense lots of reasons to trust that their transactions are safe. Still the point of Sales Systems are out dated tired to wouldbe thieves, and it is expensive for companies to update their systems. And there was a data breach during the heart of the Holiday Shopping someone. The secret service and others are investigating the data theft. In response jp morgan and chase decided to