Discovered by somebody else and it is very hard to determine exactly what was stolen because there is no file because you can cut and paste and leave the original emplace. Gerri so it was days and weeks between the time target announced they had been breached and when it started. Weeks and weeks go by before it targets says were the number one be allowed reporters are asking questions. It just begs credibility to say no. They should be the first to no. Isnt that their responsibility . It is. What is the most problematic not necessarily we have gone from 40 million to 70 million. What is really problematic we went from it is just pavement information to now it is personal information which is the key to fraud. In my mind that underscores the importance of everyone who shot dead target to get there but on the phone to the bank to get the card we issued or change your pin. Melissa names and addresses common card expiration dates , ted numbers, indebted codes, it takes the question shouldnt we prevented this . You said to the producer they should have been in correcting this data and they could have prevented this. House so . There is a lot of standard stand practices so encrypting fat but they chose not to do it probably because of the expense. But credit card security is baby now or pay me more leader. If you are not willing to pony up the money up front youll pay more in the back end and they are discovering that now. Gerri the of baby later quotient is scary. You say there is a lot of money on the line . The numbers vary but it will cost over 1 billion not even the good will they have lost as customers in what they have to spend on credit monitoring to cover up to 70 million customers. Gerri you talk about the actual losses but consumers are worried that sales at the pathan end of the year the offered a 10 discount and now on social media they are slammed. Now we hear our names email addresses . I will never sharpe a shot that target again. Has the cio resigns and yet . And start their. People are piling on that you will get the credit check it is cold comfort. They are right. The of more consumers pushed so more people will invest with security because they assume it will not happen to them. No one has ever ben held up accountable for fraudulent charges on the credit card. They dont hold liability but i can understand why people are upset. Gerri one of the statements earlier from the mouth of the ceo dont be mad at us we are a victim. We were damaged. I thought really . That is the stance you will take that you are the victim . You have our personal identity stolen. That is clearly damage control. He basically suggested that we are just as victimizes ui and it is clearly damage control and possibly was in the hands of a fraudulent person. And john is correct. We are not liable for those targets on credit card we are not liable for fraudulent use of a debit card. But the problem is that we have to argue to get our money back from the bank. And during that time that money is not there due to the lack of funds. So merry christmas. Gerri i want to ask you, what should consumers be doing, if anything . You said asked for more investment in some of the securities. But that will not be enough obviously. Shall we be paying in cash everywhere we go and not to sign up for these affinity cards . And this is something that people are going to take seriously. I believe that they are going to take it seriously. You know come at the end of the day, someone takes a 20dollar bill out of your wallet come you have no rights at all and its gone and youre never going to get it back. And someone, if they use your credit card or debit card information fraudulently, you will get it back. I still like the protections and the affordable capacity of plastic. Gerri if you take my 100, its gone. But if you take my credit card come you can steal my identity and the pain can go on for years. Gerri it is oldfashioned, but it works. It does work. And that is the banks money that is going to get stolen and not my money. Gerri i will show you right here. Here is what we like. Ive never seen one of those before. We will explain after the show. Thanks to both of you for coming on tonight. That is tough, let me tell you. We appreciate you coming on tonight. Thank you. Gerri now we want to know what you think. Have you stopped shopping at target . Logon gerriwillis. Com and vote on the righthand side of the screen and i will share the results at the end of tonights show. And still to come, the feds cracking down. Are you getting a 0 down deal . And new mortgage rules taking effect today may be doing more harm than good. That is next. Please stay with us. [ cellphones beeping ] [ cellphone rings ] hello . [ male announcer ] over 12,000 financial advisors. Good, good. Good over 700 billion dollars in assets under care. Let me just put this away. [ male announcer ] how did edward jones get so big . Could you teach kids that trick . [ male announcer ] by not acting that way. Ok, st quarter. [ male announcer ] its how edward jones makes sense of investing. If you have a buness idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reali. Start your Business Today with legalzoom. Were here to help you turn your dream into a reali. My dad has aor afib. Brillation, he has the most common kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greater risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to warfarin at reducing the risk of stroke. And unlike warfarin, with no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase yo bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. Over the pizza place on Chestnut Street the modest first floor bedroom in talli, estonia and the southbound bus barreli down i95. This magic moment it is the story of where every great idea begins. And of those who believed they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way oursid in a little dorm room 2713. This magic moment gerri more Government Intervention into the Housing Market. Courtesy of the Consumer Financial protection bureau. While the government is touting rules as a way to protect us from risky loans, fears are growing that these rules will only hurt the very people it is intended to help and keep buyers out of their dream homes. We have the executive vice president. Rick, it is great to see you. Option. Com is your company. It so i have to ask you if you share my fears and will it actually end up hurting a lot of folks out there that like to buy a home . Yes, the 43 net income rate illuminated that and so we are going to see this. This is kind of a critical part of what is going on and loans can be improved if the powers that exceeds his or her income. Why did they think that was necessary . Well, it will be especially tough on minority borrowers, particularly those at the end of the borrowing table. A lot of the borrowers will have a hard time complying with the rules and 43 of their income, no more than 40 of their income can go towards their housing expenses. Gerri so there is more to it than just a qualifying mortgage rule, theres limits on bank fees and income and debt requirements and this is what i dont like about it. You know, we had all kinds of special and crazy once before. And there are actually people who need those loans that we may be walking out of the marketplace because they can hit these requirements. That is going to be a very deeply affected group of potential borrowers and its people who dont have the right paperwork that they have put out. But by their own estimate, about 8 of ours wont be eligible who wouldve been eligible in 2013. And the industry estimates are even worse. And so that turns into hundreds of thousands of potential borrowers who simply arent going to be able to get a loan for the time being. Gerri a lot of those people are going to be smallbusiness owners who then may not be as someone they can count on. The Housing Market just picked up. So what happened . Well, this is going to tighten credit and make it difficult for people to buy houses. So i believe demand will go down a little bit. I believe the home price appreciation numbers will continue to go up. Marginally youre looking at three to 4 this year compared to the double digits that we saw last year. And i think that we will have more or less a flat year in terms of the number of units sold. Still better than we were at the bottom of the market and far away from being a healthy and robust level that we would all like to see. Gerri my mother used to say that folks are a day late and a dollar short. That is what the regulators are. And its not just a problem. And it seems to me is just ridiculous. What you say . I think that you are right. We are correcting problems that have already been solved and i will give them a little bit of credit though. They did not extend what they are dictating much beyond what a lot of common practice in the marketplace is right now. And so they didnt completely go off the deep end in terms of regulations. They pretty much codified what a lot of lenders were doing. Its just a very riskaverse market. Gerri we dont have enough market lenders as it is. The big banks have dialed back this and we need those folks out there planning to americans so they can buy a home. There are two problems. What is the dependence on governmentbased lending in these rules have submitted the governments role in until we get private capital back in the marketplace that will fund the nonbank lenders to come and with nonconforming loans, its going to be tough for people who are on the borderline of being able to get a loan to be able to buy a house and that will have economic reperrussions for the rest of us see one we have a long way to go. Rick, thank you so much and have a great weekend. Well, later in the show, being forced to reveal who you are online. And also, how do you know if these advertisements are missing you are down really mean it . We will have that after the break. So ally bank has a raise your rate cd that wothats correct. A rate. Cause im really nervous about getting trapped. Whys that . Uh, mark . Go get help i have my reasons. Look, you dont have to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours can too. Oh that sounds nice. Dont feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldt make that happen. [ male annouer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Does your mouth often feel dry . A dry mouth can be a se fect of many medications but it can also lead to tooth decay and bad breath. Thats why theres biotene. Available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. Remember, while your medication is doing you good, a dry mouth it. Biotene for people who suffer from dry mouth. Gerri do you think all those promises of zero down seemed too good to be true . Coming up next, how to decode those deceptive advertisements. Gerri the federal trade commission putting the brakes on deceptive advertisements at nine auto dealerships rather country. The advertisements promise everything from sweepstakes prizes that didnt exist 20 down with strings attached. Here to help us spot these deals is the car coach. I think they found some of the bad guys and some of these promises were ridiculous. And in this case when you are talking about people that are made and switch or misrepresenting themselves it has to be signed or released and anything from as simple as a article. We all have to be so careful. People are bypassing the thing you know that a consumer is going to find themselves being one that gets caught up in us. And everything that we deal helps the Auto Industry including manufacturers and dealers with that negative energy put towards them. I think that we have always been circumspect about this 0 down and financing. Because we some are getting their money back a different way. So how do these dealerships make money when they say this . So how do they make their money . You know they are getting at. You have to remember that sometimes they have a 0 financing or money back. And you will select a page title and registration and all the other fees whether its a gas fee or a tax for all of us. One thing that is really important is your better off taking that money down after you do your negotiations. And say i dont want a the financing, i would rather have the money down and then you can go to a credit union which makes sense. And that is really a smarter choice. And it will definitely impact you. Gerri i like that idea from and maybe check them out and see what they have to offer. Its not enough to go to the first person that offers Committee Really want to look at a bunch of different people. Thank you for coming in tonight. Have a great weekend. Thank you for being with us. Thank you for having me. Gerri what happens when you signup for obamacare . Only to have the insurer tell you there is no record of it. It happened to my next best. Especially if you dont have to give your name to do it. We will have that next [ me announcer ] this is the story of the dusty basement at 06 35th street the old diningable at 25th and hoffman. And the little room above the strip mall f roble avenue. This magic momt it is the story of where every great idea begins. And of those o believed they had the power to do more. Dell is honored to be part of some of the worldgreat stories. That began much the same w ours did. In a little dorm room 2713. This magic moment this magic moment t[announcer] why not talk toep [woman] someone whos s like sleeping on the most highly recommended bed in america . [woman] ask me about my tempurpedic. [man] ask me how fast i fall leep. [woman] ask mebout staying asleep. [announcer] tempurpedic owners are more satisfied than owners of any traditional mattress brand. Teurpedic. The most highly recommended bed in america. Save up to 300 on select mattresses during the temrpedic model closeout ent. Find a store at tempurpedic. Com. Gerri an increasing number of people rely on review sites like to yell and that is why one individual revealed what he made what he called were false critical reviews on yelp. Is it the end of the anonymous review . With me now is bill from ken and lis wiehl. Thats right. Really negative reviews were written. They wanted to know who allies. It was damaging. Under the virginia law, i think they have a case. If you can show that something is out there that may hurt you in the business sector and you have not been told who that person is, you have a claim. Gerri but still i love to complain and online. [laughter] in this particular case i think the court got it wrong and the reason is theres an important constitutional right to free speech and anonymous free speech has been recognized because sometimes people are afraid to speak up. Gerri like whistleblowers at. Just. They have a whole different category. The truth is that the showing that was made by the owner of this business what doesnt make sense is that if you look at my database and i know they are not my customers, why once you know who they are . Gerri but this has incredible impact on people. And you can say anything as an opinion. But if you put out a the socalled facts, even on the internet, when you say this is a fact that its damaging, that is a defamation. Gerri so the fact that it was implied is that i was a customer and i didnt like the service and the company is saying, you were never at her company. There was a dissenting opinion by one of the judges. Do you know for fact a fact that these people were not customers. Well, they believe that they. I am parsing language, but this is the case. You should have a constitutional right to free speech. Gerri heres my question. Now you cant say anything on the internet . No, its not going to come to that. I just dont think it will come to that. I think its a very no decision. I think that the internet is pretty much protected in some ways. Some is good in some ways back. Gerri if you are relying on the internet i know. A lot of businesses gain from these reviews. And you have to take the good with the bad. But their other jurisdictions as well. Gerri so will you write a nice review on yelp for me . [laughter] i think the people should know that they should have some degree know what theyre talking about. Having no sense of grounding of the. The problem is that they are going on supposition. They dont really know. Gerri now they are going to reveal these people. That is what i think is shocking. And here is a number that is just amazing. Yelp has 47 million reviews written by users. Whether you are at a restaurant and your tourist complain about this or you are at a dry cleaner or a grocery store. They have incredible power. And i want to know what is going on. But i also dont want salacious information out there. That is really the issue. But as i said getting involved in protected speech, you have to have a lot of goods to be able to show the court says. Its very interesting i think it will repeat itself. I think source so as well. Gerri this is such a huge category you guys do such a good job. Thank you both so much for coming here. Absolutely. All right, thank you guys. Well, the invention of the smart phone may be easier for consumers to post reviews online. Before youve even had a chance to cool down. Seven years ago this week steve jobs change the world with the first iphone. He said that he hoped to grab 1 , just 1 of the Global Market for cell phones and today apple holds 13 . This News Technology works this and many other items. The iphone users are tonights top five. The blackberry was once the go to cell phone and thanks to the iphone, why take up space on your