The New York Times

The New York Times
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The New York Times

 •  December 18, 2017

As 2018 looms, the dawn of a cashless society feels at hand. Don’t believe it? Try throwing a couple $20 bills on the table next time you’re splitting the check. Or better yet, ask anyone not standing behind a cash register to break a $10 bill. While the rise of Venmo, Uber, Seamless and Bitcoin et al have made it practically gauche in certain...

The New York Times

 •  December 13, 2017

For decades, Walmart has taken heat for how it treats its work force, including paying low wages and creating unpredictable schedules. Now, the giant retailer is trying to ease some of its workers’ financial strain, allowing them to receive wages before their next payday. Instead of waiting two weeks between paychecks, Walmart workers can now use...

The New York Times

 •  December 13, 2017

Let’s face it: Technology this year was one big “fail” after another. And the biggest loser from all of this was you. It’s easy to count the ways that tech did you wrong, especially when it came to information security. On the other hand, there was also plenty of good technology this year that worked well and offered benefits for your money. So...

The New York Times

 •  November 14, 2017

Our data is valuable. Each year, it generates hundreds of billions of dollars’ worth of economic activity, mostly between and within corporations — all on the back of information about each of us. It’s this transaction — between you, the user, giving up details of yourself to a company in exchange for a product like a photo app or email, or a whole...

The New York Times

 •  October 25, 2017

The disturbing news about the Equifax breach had barely sunk in when the ominous marketing messages began to take hold. There was a fortuitously timed television commercial from Experian, another one of the big three credit bureaus, which asked: “Is your personal information already being traded on the dark web?” The website for LifeLock, an...

The New York Times

 •  October 25, 2017

NEW YORK — Equifax Inc is running out of time to schedule its first quarterly results report since the massive breach that exposed sensitive data on 145.5 million people and erased more than $4 billion of the credit reporting firm's market value. The company has yet to announce a date for its third-quarter earnings and management's first conference...

The New York Times

 •  October 25, 2017

WASHINGTON — Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using "forced arbitration" clauses. Republican Vice President Mike Pence appeared on the Senate floor at 10:11 p.m. EDT (0211...

The New York Times

 •  October 6, 2017

A federal agency on Thursday imposed tough new restrictions on so-called payday lending, dealing a potentially crushing blow to an industry that churns out billions of dollars a year in high-interest loans to working-class and poor Americans. The rules announced by the agency, the Consumer Financial Protection Bureau, are likely to sharply curtail...

The New York Times

 •  October 4, 2017

WASHINGTON — The U.S. Consumer Financial Protection Bureau (CFPB), one of Wall Street's top regulators, must strengthen its protections against hacking, according to a report the agency's internal inspector released on Wednesday as the financial sector reels from recent revelations of two major data breaches. The former head of the Equifax credit...

The New York Times

 •  September 29, 2017

Three weeks after Equifax acknowledged that hackers had breached the company’s system, the company’s interim chief executive, Paulino do Rego Barros Jr., apologized for its messy response. The breach meant that potentially millions of Social Security numbers, driver’s licenses and other information had been stolen, leaving many of us to wonder how...