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Report: Taxpayers Face $400B Hit On Bad Student Loans

PYMNTS

The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. The analysis’s bottom line, according to the Journal, was that borrowers who owe a combined $1.37 trillion in principle and interest will repay about $935 billion.

Report 283
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Study: US Housing Market Slows Down As Homeowners Stay Put Longer

PYMNTS

New analysis by Redfin found that homeowners around the country are typically staying in their homes for 13 years, five years longer than they did in 2010. “If In fact, many local governments have implemented policies that reduce property tax burdens for senior citizens, making it more affordable for them to stay in their homes longer.

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Italian Shoppers Embrace New Cash-Back Program For Credit Card Payments

PYMNTS

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. Studies have also indicated that the days of businesses using “petty cash” to pay for transactions could be coming to an end.

Cards 188
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Tax Compliance; Enhancements with Analytics

FICO

Tax agencies have a limited amount of resources to pursue tax compliance activities (collections and audit). Tax Compliance - Why Use Analytical Models at Tax Agencies? The IRS, among other tax agencies are investing in predictive analytics. Tax Compliance - Predictive Analytical Models. Three Types.

Taxes 58
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CFPB issues prepaid account study

CFPB Monitor

Mishkin Simultaneously with the release of its 870-page prepaid account proposal last week, the CFPB issued a “ Study of prepaid account agreements.” The study contains the CFPB’s findings and observations about what information these provisions did or did not contain and related statistics.

Study 74
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NEW STUDY: For X-Border Success, Four Payment Methods Are Just As Good As 140

PYMNTS

remained on top, coming in as the most cross-border friendly country PYMNTS studied, with an Index score of 65.9 To find the rest of the research and analysis, download the Index below. Other takeaways from the latest X-Border Payments Optimization Index include: The U.S. out of 100. out of 100 , followed by the U.K. in third with 63.2

Study 101
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TBML: What Is Trade-Based Money Laundering?

FICO

In this two-part series, I will explore some recent studies on TBML, the challenges faced in countering the problem and some industry trends. Two recent studies have provided a more in-depth analysis of the problem. This study, together with the U.S. Efforts to Combat Trade-Based Money Laundering”. As the U.S.

Study 98