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US Household Debt Drops For First Time Since 2014

PYMNTS

household debt for the first time since 2014, the Financial Times (FT) reported. The steep decline in consumer spending resulted in less U.S. At the end of June, consumer debt balances sat at $14.27 trillion, according to figures from the Federal Reserve Bank of New York. That’s a 0.2

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AFP 2014

Celent Banking

It was interesting that the AFP decided to hold its conference in Washington – the first time it has been held in AFP’s hometown – during the run-up to the 2014 mid-term elections, and it was clear that the town was abuzz in activity as Election Day came near. Was I surprised!

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What interested bankers most in 2014?

Abrigo

Now that 2014 has come and (almost) gone, it’s appropriate to take a step back and review the year’s trends and hot topics. Sageworks compiled the most popular blog posts of 2014 as an indicator of what piqued bankers’ interest, and interestingly enough, all were related to the ALLL.

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Brit MP: Facebook Knew About Russian Meddling in 2014

PYMNTS

politician said Facebook was aware that Russian-linked organizations were harvesting data from the social media giant, since October 2014, according to Bloomberg. The Russian individuals reportedly utilized a feature that allowed advertisers to collect copious amounts of data.

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Community banks’ net income, loan balances increase in 2014

Abrigo

The positive trends from the third quarter of 2014 continued for the industry sub-set. Seven of the ten largest banks reported lower earnings, but overall, 64 percent of banks reported an increase in 2014. During the fourth quarter of 2014, it rose $1 billion to reach $17.2 percent increase from the third quarter of 2014.

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Community banks’ net income, loan balances increase in 2014

Abrigo

The positive trends from the third quarter of 2014 continued for the industry sub-set. Seven of the ten largest banks reported lower earnings, but overall, 64 percent of banks reported an increase in 2014. During the fourth quarter of 2014, it rose $1 billion to reach $17.2 percent increase from the third quarter of 2014.

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Home Depot Settles 2014 Data Breach Suit

PYMNTS

Another major step in the Home Depot 2014 breach case has been settled. Based on the data released from both Home Depot and Target, that number has the Home Depot breach impacting 40 percent more cards than the 40 million from the Target breach that occurred in the final quarter of 2014. Home Depot also agreed to pay $6.5

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