The Consumer Financial Protection Bureau flexed its enforcement muscle for the first time today, fining Capital One Bank for deceptive credit-card marketing practices. The mega-bank has to pay $210 million in total, the vast …
It’s a move consumer advocates say has been needed for a long time: This morning, the Consumer Financial Protection Bureau announced that it will start supervising large credit reporting agencies — the first time these companies have ever been subject to such oversight at the federal level.
The 7-year fight between merchants and credit card companies over interchange fees on credit cards has finally been resolved. A settlement was reached on Friday that gives retailers a little over $6 billion in a lump sum payment, …
Packing for vacation inevitably involves some decision making: Do I bring extra sunglasses? Flip flops or sandals? But a more important question is whether you should use a credit or debit card for vacation spending. Debit cards, …
Back-to-school season is around the corner, and it’s not just for kids anymore. A growing number of older Americans are enrolling in college today, and their numbers are expected to increase further through the end of the decade. …
Retailers have been fighting for the right to charge people more if they pay with a credit card. They may soon win that battle.
New research shows that lenders are loosening their standards for auto loans for people with damaged credit, but this is better news for lenders than it is for borrowers — or auto companies.
Facepalm, as the kids would say. Even if you’re a relative newcomer to the Internet, there are probably some things you would consider unsafe to do — such as, oh, posting a picture of your credit or debit card for all the world …
What if everything didn’t have to be new? Thanks to sites like Craigslist.org and Freecycle.org, along with old-school standbys like thrift shops and tag sales, there are more ways than ever to score new-to-you stuff. Buying …
Cringe-inducing ads can do a lot to tarnish a company’s image. Here’s ten examples of advertisements gone wrong and how each company handled the fallout.
Anger against mega-banks brewed for most of last year, coming to a head with the Occupy Wall Street protests and fueled by banks’ unpopular (and short-lived) efforts to charge people for using their debit cards. People claimed …
When the real estate market imploded and ushered in the Great Recession, one of the biggest casualties was the size of our homes. For years, we’d been building increasingly large homes because, well, we could — and because we …
