Nreh Citi Unveils Points Partnership With CVS
Fears of a recession have landed the markets in h
stanley cupe ot water, though JPMorgan doesnt think theres much cause to worry, The Wall Street Journal
stanley cup usa WSJ wrote.The bank says credit losses will likely be abnormally low through next year.That comes as customers havent drained their cash balances, which grew during the pandemic, according to executives speaking at the banks investor day on Monday May 23 .That said, CEO Jamie Dimon isnt counti
stanley cup ng out a recession 鈥?while the economy is still strong because of actions by the government in 2020, theres no telling whats ahead. Its a different strong economy, Dimon said. If we go into a recession, it may be different from other recessions. The report said executives havent seen any signs of trouble in loan delinquency numbers, and dont expect to add more loan-loss reserves in the current quarter. That came after the bank surprised the markets after setting aside more money to cover possible losses earlier in 2022.According to executives, lower income customers, who make up a smaller slice of its consumer base, have been getting overwhelmed by the effects of inflation, with those with low credit scores often falling behind on credit cards, car loans and other payments.But the bank says its still pretty sure consumers are financially healthy enough to debut new credit products.See also: JPMorgans $1B Loss Reserve Signals Souring Loans and Pain Ahead for FinTechsJPMorgan recently reported its first-quarter earnings, and had also recently built Uqli India Investigating $90M Loan Fraud At IDBI Bank
Upgrading to the latest and greatest mobile phone is all the rage around the world, but what many consumers dont realize is that they are leaving a treasure trove of data behind that can help hackers steal their information and thus everything in their bank accounts.According to Char
stanley quencher gebacks 911, the redemptions and loss recovery company, 72 percent of Americans own a smartphone, with users replacing them every 29 months. As a result of all that upgrading and replacing, Chargebacks911 said millions of mobile phones are resold, recycled or disposed of with a lot of personal data that owners leave behind on their phones. Whats more, the research firm found security measures to protect the data have done little to stop the hackers. Fraudsters are persistent; if one source of illicit income goes away, they simply find another.
gourde stanley And given the amount of personal data left on used smartphones, these devices can provide
gourde stanley a veritable treasure trove of information for enterprising criminals, warned Monica Eaton-Cardone, cofounder and COO of Chargebacks911. Fraudsters can use this data to commit identity theft, whether its opening accounts or loans in the owners name, ordering merchandise or services using the owners stored login details or scamming contacts by posing as the owner. Even photos and videos can be sold to porn sites or used for blackmail and extortion. In order to protect themselves, Chargebacks911 said consumers shouldnt rely on deleting files or conducting a factory reset
