Weekly Coffee Break: Roundup of Industry News

Weekly Roundup of Industry News

This is a roundup of industry news and links for the week of June 5th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

Fintech’s ultimate value: Making sense of the data explosion – Every technology has the potential to change us in ways we do not immediately understand. Some technologies influence us more profoundly than others. The technologies that impact us the most are related to how we define, comprehend and organize ourselves around and with the “truth.” (For clarity’s sake, I define the truth not as the ultimate truth but as a group of axioms a given society accepts as self-evident at a given point in time.)

How we keep you safe in the consumer financial marketplace – The CFPB works to create a level playing field in financial markets and safeguards fairness for consumers. Key to achieving those goals is our division of Supervision, Enforcement, and Fair Lending, which helps ensure compliance with federal consumer financial laws by supervising companies and bringing enforcement actions when appropriate.

The IRS is using private debt collectors. Here’s what you should know. – Do you have a debt with the IRS that’s more than two years old? If so, you might be getting a letter from the IRS about your account being transferred to a private debt collector. This new program only applies to taxpayers who have had an IRS debt for years and who were previously contacted about it by the IRS. Here’s how it will work—and how to spot a scam.

3 questions you should ask yourself before you retire – There are probably hundreds of questions someone should ask themselves if they’re planning on retiring in the near future. Some of those questions may pertain to you and some may not. Here are three basic questions everyone should know the answer to before they start the retirement process.

CFPB warns lenders over controversial credit card offers – The Consumer Financial Protection Bureau is redoubling its efforts to stamp out a controversial type of credit card that is available from some of the nation’s largest retailers.