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New York Fed Finds Households Cut Debt Levels

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Households continued to reduce their debt levels into the start of the summer, the Federal Reserve Bank of New York said Tuesday in a report that offers a broad overview of the ...

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Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.
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