2015 Event After a credit rating downgrade to 'junk' by Standard & Poor's, Brazil implements a $17 billion austerity package that will eliminate ten government ministries, cut public spending, and halt both hiring and salary increases in the public sector 2015 Event Shiite militia forces in Iraq boycott the fight against ISIS in Tikrit to protest U.S. airstrikes; the U.S. was responding to a request from the Iraqi government, but militias are concerned that the U.S. will receive credit for their work to date 2015 Event The U.S. Internal Revenue Service warns of an increase in taxpayer phone scams threatening victims unless they pay a given amount with a debit or prepaid credit card; over 366,000 people have been swindled of over $15 million since 2013 2015 Event Hackers steal personal data on up to 80 million customers of health insurance provider Anthem, Inc.; though free credit monitoring is being offered to victims, such monitoring won't detect or prevent medical identity theft 2014 Event Office supply company Staples announces that up to 1.16 million cards may have been affected by a data breach in October; the company is offering free identity theft protection for shoppers at the affected stores and advises all customers to monitor their credit records 2014 Event Apple announced the Apple Watch, the iPhone 6 and the iPhone 6 Plus; the phones will be larger than previous models and have an improved camera; all three devices use Near Field Communication (NFC) to allow instant payments in stores without credit cards 2014 Event Home Depot may be the source of a new data breach, resulting in theft of thousands of customer credit card numbers; the company was indicated as the source by various banks after the data appeared for sale online 2014 Event India's central bank states that domestic credit cards must complete extra validation when used to buy local goods or services; some businesses have avoided the rule by using foreign payment systems, resulting in cash flows out of the country 2014 Event Credit Suisse has pled guilty to criminal charges of assisting U.S. customers in tax fraud and evasion; however, the Swiss government will not allow the bank to cooperate with the U.S. government's request for the names of those customers 2014 Event Social security numbers and credit cards details of more than 20 million South Koreans are stolen by an IT contractor 2013 Event A security news site reports that the credit and debit card account stolen from 40 million Target Corporation customers are up for sale on the black market; cards are being sold from around $20 to more than $100 each 2013 Event A data breach at Target Corporation caused the security of 40 million credit and debit cards used at Target stores to be compromised 2013 Event Credit card information, among other data of 2.9 million Adobe consumers was stolen during a cyber attack on the company's website 2013 Event The United Kingdom's bond credit rating is downgraded for the first time in history; Moody's Investor's Service changed the bond credit rating from AAA to AA1 2012 Event Standard & Poor's credit rating agency receives a ruling by an Australian judge that they misled investors in their rating of two-pre-crisis issues of structured debt 2012 Event Moody's credit rating agency lowers its outlook on the European Union's AAA long-term bond rating from stable to negative 2012 Event Standard and Poor's credit rating agency increases the rating of the Philippines to BB+ 2012 Event VISA and MasterCard warn banks that a security breach has compromised over 10 million credit card numbers 2012 Event The credit ratings of European Union members including Italy, Malta, Portugal, Slovakia and Spain are downgraded by Moody's Investors Service 2012 Event Moody's Investor's Service issues a negative outlook for the credit ratings for Austria, France and the United Kingdom 2011 Event France's three biggest banks, Credit Agricole, BNP Paribas and Societe Generale, are downgraded by Moody's credit rating agency 2011 Event Reports indicate the credit ratings agency Standard & Poors will review 15 nations for possible downgrades, including France and Germany 2011 Event After Standard & Poor's and Fitch downgraded Spain's credit rating, Moody's downgrades them further to a rating of A1 2011 Event Spain's credit receives a negative outlook from Standard &: Poor's, with their ranking reduced to AA- 2011 Event Italy's credit rating is lowered from A+ to A by Standard and Poor's rating agency, a result of its high level of debt and the stability of its government 2011 Event With weak economic prospects and significant levels of public debt, Japan is downgraded to Aa3 by Moody's credit rating agency 2011 Event Stock markets in Asia, Australia and the United States fall after the U.S. loses it's AAA credit rating 2011 Event The U.S. credit rating is downgraded from A+ to A by the Chinese Dagong Global Credit Rating 1991 Event Bank of Credit and Commerce International divests itself of 1st American Bank 1990 Event 5 Bank of Credit and Commerce members found guilty of money 1990 Event 2 Bank of Credit and Commerce members plea guilty to money laundering 1988 Event New York's Metropolitan Transportation Authority announces it may replace tokens with credit card type passes 1977 Event Bank of America adopts the name VISA for their credit cards 1974 Event Law bans discrimination of sex or marital status in credit application 1972 Event Access credit cards introduced in Great Britain 1964 Event IMF grants Great Britain credit of $1 billion 1957 Event U.S. gives Poland credit of $95 million 1954 Event Dean Stone gets credit for AL win, although he didn't retire a batter, he threw out Shoendienst trying to steal home, AL-11 NL-9 1952 Event Franklin National Bank issues 1st bank credit card 1950 Event Diner's Club issues its 1st credit cards 1934 Event Franklin D. Roosevelt signs Federal Credit Union Act, establishing Credit Unions 1933 Event U.S. Farm Credit Administration authorized 1909 Event 1st credit union forms in US 1908 Event 1st credit union in U.S. forms, Manchester, New Hampshire 1893 Death Abner Doubleday, credit with inventing baseball, dies on 74th birthday 1893 Event 1st U.S. college extension courses for credit, University of Chicago 1873 Event U.S. Congress begins investigating Credit Mobilier scandal 1860 Birthday Edward Albert Filene, merchant, established U.S. credit union movement
