Closing Market Report 1/3/2017

January 3, 2017
The KUIK Closing Market Report for Tuesday, January 3:
 
Markets were up.
 
Index Direction Change Units Index Time Change  
Dow Up                    119 points         19,882 2:19 PM    
S&P500 Up 0.9% percent           2,258        19.00  
Nasdaq Composite Up 0.9% percent           5,429        45.97  
30 Year Treasury Down                      (1) Basis Points            3.05 Annual Yield    
 
The Consumer Financial Protection Bureau today fined two of the largest U.S. credit reporting agencies, TransUnion and Equifax and their subsidiaries, for ā€œdeceiving consumersā€ about how useful the credit scores were that they sold to them and charging customers unfairly. In advertisements consumers were told their credit scores and credit-related products would be free or just $1 but they were charged a recurring fee of $16 or more a month if they didnā€™t cancel the free trials. The companies will pay about $17.6 million in restitution to customers and another $5.5 million in fines. 
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/major-credit-reporting-agencies-fined-over-20-million-for-charging-16-a-month-for-free-credit-scores-2017-01-03
 
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