Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

2019-03-20

Federal Reserve Chairman's Press Conference LIVE Wednesday, March 20

FOMC Press Conference LIVE March 20, 2019, 2:30pm EDT

FOMC Press Conference LIVE March 20, 2019, at 2:30 pm EDT, with the Fed Chair, following FOMC Meeting associated with a Summary of Economic Projections. Summary: no rate-hikes in 2019, one rate-hike in 2020, and balance sheet normalization ends in September.

See also March 20, 2019 Balance Sheet Normalization Principles and Plans.

Domain: federalreserve.gov
Effective Federal Funds Rate--Above: Jul 1954 - Feb 2019
The Federal Open Market Committee (FOMC) consists of twelve members--the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee's assessment of the economy and policy options.
The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
2019 FOMC Members:
Alternate Members:

Fed Chairman Powell at FOMC Press Conference January 30, 2019

feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , , , , ,

2019-03-11

How China's Economic Slowdown Is Rippling Beyond Its Borders (video)

How China's Economic Slowdown Is Rippling Around the Region

Slower growth in China is affecting everything from smartphone sales to oil exports, and companies and countries in its orbit are beginning to feel the crunch. Wall Street Journal (WSJ.com) video above published Mar 6, 2019.


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , ,

2018-12-19

Federal Reserve Chairman's Press Conference LIVE Wednesday, Dec 19

FOMC Press Conference LIVE December 19, 2018

"In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2 percent."--FOMC Press Release, Dec 19, 2018 (pdf). Voting for the FOMC monetary policy action were: Jerome H. Powell, Chairman; John C. Williams, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Mary C. Daly; Loretta J. Mester; and Randal K. Quarles. See also Implementation Note issued December 19, 2018.

FOMC Meeting December 18-19. 2018: The Federal Reserve's highly-anticipated December Federal Open Market Committee (FOMC) meeting, Tuesday-Wednesday, December 18-19, 2018. Consensus of economists is that the Fed will raise interest rates by a quarter-point to a range of between 2.25% and 2.50% and that the Fed's closely-watched dot plot will indicate two rate hikes in 2019. Any indication of the Fed's plans for the future may have an even greater impact on markets and many analysts will closely follow the LIVE press conference of Federal Reserve Chairman Jerome Powell, at 2:30 p.m. EST, Dec 19, 2018. “Fed drift” is a known market anomaly, where the S&P 500 often generates most of its annual return in the 3 days around Federal Reserve meetings.
On Monday, DoubleLine Capital CEO Jeff Gundlach told CNBC-TV that the Federal Reserve should not hike its benchmark overnight lending rate in December. "I think they shouldn't raise them this week. The bond market is basically saying, 'Fed you've got no way you should be raising interest rates,"  said Gundlach.
The Federal Open Market Committee (FOMC) consists of twelve members--the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee's assessment of the economy and policy options.

The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
Federal Reserve Chairman Jerome Powell at his FOMC Press Conference September 26, 2018
2018 FOMC Committee Members:
Alternate Members:


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , , ,

2018-10-18

Interview with Fintech Startup WiseAlpha CEO Rezaah Ahmad (video)

Tech Talk: interview with Rezaah Ahmad, WiseAlpha

Rezaah Ahmad, CEO, WiseAlpha, a fixed income platform giving everyday investors and savers access to corporate bonds, talks about disrupting the lending market and why the corporate debt market is ripe for digital innovation. TheBanker.com video above published Oct 8, 2018.

Domain: WiseAlpha.com

Categories: Credit, Financial Services, FinTech
Headquarters: London, England, UK
Founded: Mar 1, 2014
Founder: Rezaah Ahmad
Last Funding Type: Equity Crowdfunding

WiseAlpha is an online investment platform offering its members access via Notes to senior secured loan investments. replacing the substantial costs and complexity of investing in specialist credit funds with a simpler and more cost effective way to invest. Until now, the corporate loan market has remained largely untransformed by technological innovation but WiseAlpha is now making this asset class accessible to a wider investment audience. In order to gain access to this asset class, individual investors usually had to use brokers and/or invest in specialist debt funds which often charged substantial upfront fees and ongoing management and performance fees.



feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , , , ,

2017-11-01

Securing Consumer Credit Data in the Age of Digital Commerce (video)

Securing Consumers’ Credit Data in the Age of Digital Commerce

U.S. House Energy and Commerce subcommittee hearing video above scheduled for Nov 1, 2017.

Securing Consumers’ Credit Data in the Age of Digital Commerce | Energy and Commerce Committee | energycommerce.house.gov: The Subcommittee on Digital Commerce and Consumer Protection will hold a hearing on Wednesday, November 1, 2017, at 10:30 a.m. ET in 2123 Rayburn House Office Building, Washington, D.C., entitled “Securing Consumers’ Credit Data in the Age of Digital Commerce.” 

 The following issues may be examined at the hearing:
  • The legal and regulatory framework for CRAs, including the safeguards framework in GLBA and consumer protections contained in the FCRA. 
  • Current cybersecurity standards, trends, best practices, and emerging threats, particularly with respect to known cybersecurity vulnerabilities.
  • The relationship between data breaches and incidence of identity theft and fraud.

Witnesses:

Mr. Francis Creighton
President and CEO, Consumer Data Industry Association
Witness Statement and Truth in Testimony and CV

Ms. Anne P. Fortney
Partner Emeritus, Hudson Cook, LLP
Witness Statement and Truth in Testimony and CV

Mr. Jeff Greene
Senior Director, Global Government Affairs and Policy, Symantec
Witness Statement and Truth in Testimony and CV

Mr. Bruce Schneier
Adjunct Lecturer in Public Policy, Harvard Kennedy School
Witness Statement and Truth in Testimony and CV

Documents: Hearing Notice; Hearing Notice – Time Change; Background Memo (embed below)

Background Memo:


@HouseCommerce  #SubDCCP

#SubDCCP Examines Data Security Practices For Consumers’ Credit Information - Energy and Commerce Committee: The Subcommittee on Digital Commerce and Consumer Protection, chaired by Rep. Bob Latta (R-OH), announced a hearing for Wednesday, November 1, 2017, at 10:00 a.m. in room 2123 of the Rayburn House Office Building. The hearing is entitled, “Securing Consumers’ Credit Data in the Age of Digital Commerce.” Less than a month after holding a hearing on the Equifax data breach, #SubDCCP will examine data security practices within the credit reporting industry to shed light on best practices, cybersecurity information sharing, trends, and steps for improvement. “The Equifax data breach was a stark demonstration of the responsibility that credit bureaus have in holding hundreds of millions of Americans’ personal information. In light of this breach and others, consumers are right to be skeptical. This subcommittee will continue to ask questions on behalf of consumers to illuminate what is currently being done, and what needs to be done, to prevent and mitigate future hacks and restore consumer confidence,” said Latta.

Note also: House Energy and Commerce Committee Chairman Greg Walden (R-OR) published op-ed Oct 27, "Consumer Protection in the 21st Century," announcing a series of hearings surrounding tech business practices and their impact on consumers. In the piece, Walden raises questions about how actions taken by tech companies and online businesses affect consumer privacy and choice.

feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , , , , , ,

2017-03-17

Anonymous: How To Disappear From The Internet (podcast) & Data-Fusion

Above: a March 2016 TechRepublic podcast, How to disappear from the internet with Frank Ahearn. Ahearn is an expert on finding people, a professional social engineer, who says:
“Pretexting is like dating. You call, you ask, and somebody says no? Okay, fine, you wait. Or maybe ask somebody else. For the right amount of money, I can find anybody. And the best way to find people, is to first learn how to disappear."
OK, I Get It, None of My Data is Safe. But I Did Something Nasty that Helps a Lot | WolfStreet.com: "In 2016, the number of US data breaches tracked by ITRC soared 40% year-over-year, to an all-time high of 1,093 ... I did something nasty, something the industry hates: I put a “credit freeze” on my data at the three credit bureaus – Equifax, Transunion, and Experian – after which only financial institutions with which I already did business continue to have access to the data. It blocks all others from gaining access to this data. Hence, it’s nearly impossible for them, or even for me, to open new credit in my name."

 The Unintended Consequences of Transparent Lives:  "... Our ICTs [information and communication technologies] also make our lives more transparent and accessible; not only for family and friends, but also for governments and corporations. This subjects us to diminished privacy and more control. Developments like these are affecting our degree of freedom ..."

 "Because state laws do not clearly define residency, making a false registration case can be difficult."--During his political rise, Stephen K. Bannon was a man with no fixed address | WashingtonPost.com--In the digital age, when most Americans leave a clear footprint of their whereabouts, Bannon left a meandering trail filled with ambiguity, contradictions and questions. The Post found that Bannon left a negligible footprint in Florida. He did not get a Florida driver’s license or register a car in the state. He never voted in Florida, and neighbors near two homes he leased in Miami said they never saw him. His rent and utility bills were sent to his business manager in California.

This Company Has Built a Profile on Every American Adult | Bloomberg.com: "The most important tools for America’s 35,000 private investigators are database subscription services ... IDI [ididata.com | @IDIData ], a year-old company in the so-called data-fusion business, is the first to centralize and weaponize all that information for its customers. The Boca Raton, Fla., company’s database service, idiCORE, combines public records with purchasing, demographic, and behavioral data. Chief Executive Officer Derek Dubner says the system isn’t waiting for requests from clients—it’s already built a profile on every American adult, including young people who wouldn’t be swept up in conventional databases, which only index transactions. “We have data on that 21-year-old who’s living at home with mom and dad,” he says."
Anonymous speech is firmly protected by the First Amendment and the Supreme Court, and its history in the U.S. dates to the Federalist Papers, written in 1787 and 1788 under the pseudonym Publius by three of the founding fathers. But the technical ability for people to remain anonymous on today’s internet, where every scrap of data is meticulously tracked, is an entirely different issue.--theintercept.com


For more: 

feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , , , , , ,
Subscribe to: Posts (Atom)

Domain Mondo archive