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Skanderson, David; Ritter, Dubravka - Federal Reserve Bank of Philadelphia - 2014

This paper discusses some of the key fair lending risks that can arise in various stages of the marketing, acquisition, and management of credit card accounts, and the analysis that can be employed to manage such risks. The Equal Credit Opportunity Act (ECOA) and its implementing Regulation B...

Persistent link: https://www.econbiz.de/10010887126

Fraud deterrence in dynamic Mirrleesian economies

Armenter, Roc; Mertens, Thomas M. - Federal Reserve Bank of Philadelphia - 2010

Social and private insurance schemes rely on legal action to deter fraud and tax evasion. This observation guides the …

Persistent link: https://www.econbiz.de/10008489239

"Cream-skimming" in subprime mortgage securitizations : which subprime mortgage loans were sold by depository institutions prior to the crisis of 2007?

Calem, Paul; Henderson, Christopher; Liles, Jonathan - Federal Reserve Bank of Philadelphia - 2010

Depository institutions may use information advantages along dimensions not observed or considered by outside parties to "cream-skim," meaning to transfer risk to naive, uninformed, or unconcerned investors through the sale or securitization process. This paper examines whether "cream-skimming"...

Persistent link: https://www.econbiz.de/10008489241

Identity theft: where do we go from here?

Cheney, Julia S. - Federal Reserve Bank of Philadelphia - 2004

The identity theft forum sponsored by the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Gartner Fellows Program brought together a broad range of stakeholders to discuss the important issue of identity theft. Participants from the financial services and merchant...

Persistent link: https://www.econbiz.de/10005526518

Identity theft: do definitions still matter?

Cheney, Julia S. - Federal Reserve Bank of Philadelphia - 2005

four types of financial fraud – fictitious identity fraud, payment card fraud, account takeover fraud, and true name fraud …

Persistent link: https://www.econbiz.de/10005526519

The laws, regulations, and industry practices that protect consumers who use electronic payment systems: policy considerations

Furletti, Mark - Federal Reserve Bank of Philadelphia - 2005

that may aid consumers who contest an electronic transaction because of error, fraud, or merchant dispute. The first two …, debit cards, prepaid cards, and ACH e-checks. This third paper considers how protections related to fraud, error, and … encourage the adoption of fraud-reduction schemes, (ii) the current protections represent a significant cost to banks, merchants …

Persistent link: https://www.econbiz.de/10005526527

The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches

Cheney, Julia S.; Hunt, Robert M.; Jacob, Katy; Porter, … - Federal Reserve Bank of Philadelphia - 2012

Consumer confidence in payment card systems has been built up over many decades. Cardholders expect to use their cards to execute payment instructions in a reliable and timely manner. Data breaches that degrade the perceived safety and reliability of payment cards may weaken consumer confidence...

Persistent link: https://www.econbiz.de/10011027167

Identity theft: a pernicious and costly fraud

Cheney, Julia S. - Federal Reserve Bank of Philadelphia - 2003

study of identity theft, at times compared with traditional payment fraud, and continues with an evaluation of its overall …

Persistent link: https://www.econbiz.de/10005428101

Maintaining a safe environment for payment cards: Examining evolving threats posed by fraud

Herbst-Murphy, Susan - Federal Reserve Bank of Philadelphia - 2009

Fraud." The conference included panels representing four key constituencies: issuers, consumers, merchants/acquirers, and … networks. The panelists addressed the nature of payment card fraud in the 21st century. This paper summarizes the highlights …

Persistent link: https://www.econbiz.de/10005428119

Legislative responses to data breaches and information security failures

Keitel, Philip - Federal Reserve Bank of Philadelphia - 2008

On July 23, 2008, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop to discuss federal and state legislative responses to data breaches. The workshop addressed several laws and legislative initiatives designed to create greater safeguards for personal...

Persistent link: https://www.econbiz.de/10004994157