It was a busy Monday for banking news, with one big company rolling out a new prepaid card and another behemoth launching a small business loan program. There’s just one thing that makes this a little bit weird: Neither of the …
Italy is home to Ferrari and Lamborghini, two of the world’s most legendary automakers. But the country’s troubled economy has forced an increasing number of Italians to downside the number of wheels on their vehicles: For the …
The Consumer Financial Protection Bureau has the credit card industry in its crosshairs, and it’s making banks who flout the law pay up.
Yesterday, the CFPB along with other federal regulators fined American Express $112.5 …
This week marks the 30th anniversary of Banned Books Week, a censorship-awareness campaign backed by “the entire book community –- librarians, booksellers, publishers, journalists, teachers, and readers of all types,” according to the American Library Association.
Conventional wisdom says before you make a big purchase like a house or a car, go online to check your credit score. Although you can get one report per bureau per year for free through annualcreditreport.com, you have to pay to …
American banks are under attack. Both the enemy’s weapon of choice and its target is the Internet, which is a headache for the institutions — many of the country’s largest — that are fending off persistent assaults on their …
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Rachel’s back, and this time, she’s brought her friends. Despite ongoing efforts by the Federal Trade Commission, complaints about robo-calls — from “Rachel from Card Services” and other automated telemarketer scammers — have …
It’s hard to tell which is piling up faster — the fees bank customers have to pay these days or the research showing just how pervasive these fees are.
Bankrate.com just issued a new survey of checking account fees. (Spoiler …
Getting a letter on your city or county prosecutor’s letterhead, noting that you owe money and threatening you with jail time, is a scary prospect. Unfortunately, some 500 municipalities are allowing debt collectors to use such …
The Credit CARD Act of 2009 ushered in a slew of new protections for credit cardholders, but it also led to some unintended consequences. One of the biggest was the clause that can be thought of as the “stay-at-home-mom penalty,” and the Consumer Financial Protection Bureau now says it’s going to fix that.
