By the AllClearID Team
Juan here from the AllClear ID investigation team. We’ve talked about how college students are at a high risk for identity theft, but for-profit schools seem to have an unusual amount of student loan fraud. People who have attended for-profit schools have noticed that they have student loans in default or in collections that supposedly went to their school. Kaplan University is a big perpetrator. In fact, it has been linked to a federal investigation, and many state Attorney General offices have been filing complaints or investigation requests for it.
The fraud cases don’t have a specific geographic center, though I have noticed more cases in California, Nevada, and Arizona. FAFSA student aid can be applied for and accepted online very easily. From the people I’ve spoken with the fraudulent loans seem to have all stemmed from online applications. FAFSA only requires one to create a four-digit PIN to access applications and accept offers from its site. Read t
11 Apr
Posted by Madison Fargher as Financial Articles
April 2 – The New Zealand dollar rose after China’s official performance of manufacturing index beat expectations, rising to a one year high in March and boosting demand for commodity currencies such as the kiwi. The New Zealand dollar
April 2 – The New Zealand dollar rose after China’s official performance of manufacturing index beat expectations, rising to a one year high in March and boosting demand for commodity currencies such as the kiwi.
The New Zealand dollar traded at 82.26 US cents just before 8am up from 81.82 cents at the close of trading in New York on Friday. The trade weighted index increased to 73.2 from 72.81.
China, New Zealand’s second-biggest export market, reported its manufacturing gauge rose to 53.1 from 51.0 in February, reducing speculation the People’s Bank of China will ease monetary policy in the coming days. In contrast t
A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands, representatives from MasterCard and Visa said on Friday.
MasterCard said it has alerted payment card issuers “regarding certain MasterCard accounts that are potentially at risk.”
The company also said the breach is the subject of an ongoing forensic review by an independent data security organization.
Visa released a statement saying it too has provided card issuers with notifications about accounts that could be affected. The
02 Apr
Posted by Madison Fargher as Financial Articles
The Freight Transport by Sea industry in China is mainly engaged in shipping exported items to their destination countries and territories from China. Therefore, industry performance is extremely sensitive to the demand for Chinese goods, which is in turn driven by the global economic climate. Over the five years through 2012, industry revenue has been falling at an annualized rate of 3.1%, according to IBISWorld research. The decline was largely due to the global economic recession in 2009.
The top four freight transport operators–China Ocean Shipping Group, China Shipping Group, SINOTRANS / CSC Holdings, and Hosco Group–are all state-owned and account for 68.4% of total industry revenue, estimates IBISWorld. International freight shipping is reliant on high investment into fixed assets like ships, and its business has economies of scale. Therefore, government capital plays a dominant role.
IBISWorld anticipates that further appreciation of the Chinese yuan will limit export growth, and therefore, industry growth. Als