FCC Proposes to Fine Wireless Carriers $200M for Selling Customer Location Data

The U.S. Federal Communications Commission (FCC) today proposed fines of more than $200 million against the nation’s four largest wireless carriers for selling access to their customers’ location information without taking adequate precautions to prevent unauthorized access to that data. While the fines would be among the largest the FCC has ever levied, critics say the penalties don’t go far enough to deter wireless carriers from continuing to sell customer location data.

The FCC proposed fining T-Mobile $91 million; AT&T faces more than $57 million in fines; Verizon is looking at more than $48 million in penalties; and the FCC said […] Read more

FCC Proposes to Fine Wireless Carriers $200M for Selling Customer Location Data — Krebs on Security

The U.S. Federal Communications Commission (FCC) today proposed fines of more than $200 million against the nation’s four largest wireless carriers for selling access to their customers’ location information without taking adequate precautions to prevent unauthorized access to that data. While the fines would be among the largest the FCC has ever levied, critics say the penalties don’t go far enough to deter wireless carriers from continuing to sell customer location data.

The FCC proposed fining T-Mobile $91 million; AT&T faces more than $57 million in fines; Verizon is looking at more than $48 million in penalties; and the FCC said […] Read more

Notable Two Hundred Day Moving Average Cross – EFX

In trading on Friday, shares of Equifax Inc (Symbol: EFX) crossed below their 200 day moving average of $140.20, changing hands as low as $139.03 per share. Equifax Inc shares are currently trading down about 2.5% on the day. The chart below shows the one year performance of EFX shares, versus its 200 day moving average:

Looking at the chart above, EFX’s low point in its 52 week range is $107.58 per share, with $164.77 as the 52 week high point — that compares with a last trade of $141.23. The EFX DMA information above was sourced from TechnicalAnalysisChannel.com

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Is It Right Time to Be Bullish on Equifax Inc. (NYSE:EFX), On Deck Capital Inc. (NYSE:ONDK)?

The shares of Equifax Inc. (NYSE:EFX) has been pegged with a rating of Buy by Argus in its latest research note that was published on January 17, 2020. The Financial company has also assigned a $165 price target. Argus wasn’t the only research firm that published a report of Equifax Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Underperform rating from Exane BNP Paribas Markets when it published its report on March 15, 2019. That day the Exane BNP Paribas set price target on the stock to $106. The stock was […] Read more

Ex-Dividend Reminder: Old Dominion Freight Line, Southwest Airlines and Equifax

Looking at the universe of stocks we cover at Dividend Channel, on 3/3/20, Old Dominion Freight Line, Inc. (Symbol: ODFL), Southwest Airlines Co (Symbol: LUV), and Equifax Inc (Symbol: EFX) will all trade ex-dividend for their respective upcoming dividends. Old Dominion Freight Line, Inc. will pay its quarterly dividend of $0.23 on 3/18/20, Southwest Airlines Co will pay its quarterly dividend of $0.18 on 3/25/20, and Equifax Inc will pay its quarterly dividend of $0.39 on 3/13/20.

As a percentage of ODFL’s recent stock price of $191.78, this dividend works out to approximately 0.12%, so look for shares […] Read more

Car Buying Strategies with Bad Credit

When you have bad credit, you may feel like you can’t go to a traditional dealership. Maybe you’ve been turned down already and you don’t want to waste your time. While your car buying options may be more limited than if you had good credit, there are lenders that work with credit-challenged buyers.

Where to Start When You Have Bad Credit

If you’re thinking about getting an auto loan, you should look up your credit score and reports first and foremost. You can request your credit reports for free at www.annualcreditreport.com, every 12 months, from each of the three credit reporting agencies: […] Read more

Bill Would Boost Financial Literacy for Some of State’s Poorest Citizens

Credit: Alexandros Chatzidimos via PexelsATM machine

State lawmakers want to help improve the financial literacy of residents in some of New Jersey’s most economically challenged cites. Their plan: Establish new “financial empowerment centers” that would offer coaching and other services to the community.

Legislation that passed a key Senate committee with bipartisan support earlier this month calls for the state to create a pilot program to establish financial empowerment centers in the cities of Camden, Newark and Paterson.

Under the proposed pilot, the Department of Community Affairs would partner with local officials and nonprofits to use the centers to offer forums, programs, financial […] Read more

If Your Child is an Authorized User on Your Credit Card, Do They Automatically Start Out with an 800 Credit Score?

Claim

“If you have a credit card and a kid, add your kid on as an authorized user and pay the bill on time. By the time that kid hits 18, boom 800+ credit score for them to succeed in this world.”

Reporting

On February 18 2020, the Facebook page “Real Badass Moms” shared a screenshot of the following tweet, which advised people “with a credit card and a kid” to add their child as an authorized user on that card — an act that would purportedly grant the child a credit score of 800 when they turned 18 (provided that payments were […] Read more

Advocacy Group Launches Anti-Hacking Lobbying Salvo

Americans for Transparency and Accountability, a Merrifield, VA-based nonprofit that works to promote increased transparency in U.S. foreign policy, has hired a series of D.C. lobbying outfits this month to advocate on Capitol Hill for H.R. 4189, also known as the “Homeland and Cyber Threat Act.”

Introduced last year by Rep. Jack Bergman (R-MI), H.R. 4189 would hold foreign governments accountable for committing cyberattacks against U.S. citizens.

Foreign cyberattacks against U.S. citizens, government agencies and policy groups have become common headlines in recent years, many of them sponsored by governments such as China, Iran and North Korea that seek to steal personal […] Read more