Weekly Industry News – Financial Services, Insurance & Reinsurance

Financial Services, Insurance & Reinsurance – UPS accused of overcharging, credit card predictions for 2014 and more.

Fed Should Know Corporates Losing to Derivatives: Credit Markets by  Lisa Abramowicz  Published on BusinessWeek.com

Bond investors’ purchases of derivatives averaged the most in five years in 2013 as they sought ways to both amplify bets and hedge against rising yields as the Federal Reserve slows its unprecedented stimulus… [ Read More ]

12 credit card predictions for 2014 by Kelly Dilworth Published on FoxBusiness.com

Prepare to say goodbye to swiping your card each time you make a payment. Issuers are just starting to roll out the next generation of credit cards — and they look noticeably different from the plastic you’re carrying around now… [ Read More ]

 New Class Action Accuses UPS of Overcharging for Shipping Insurance by Darren Crook Published on jdsupra.com

A new consumer class action has been filed against shipping giant UPS, alleging that the company overcharges its customers for “declared value coverage” (i.e., shipping insurance) on the packages it delivers. The case was filed on December 27, 2013 in the U.S. District Court for the Eastern District of Michigan… [ Read More ]

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