$54 Billion Closer to Our Next Financial Crisis
After a couple years of austerity, we’re again racking up credit card debt at an alarming clip.
After a couple years of austerity, we’re again racking up credit card debt at an alarming clip.
Homeowners who have to repair damage to their houses or were displaced in the wake of Hurricane Irene may face the financially difficult prospect of restoring their homes to pre-storm conditions on their own dime.
Credit card skimming, in which a crook installs a device in an ATM or payment terminal to steal account information, can happen to anybody. For proof, look to Seattle, where Jenny Durkan, the U.S. Attorney for the Western …
Richard Cordray, the former Ohio attorney general picked by President Obama to lead the Consumer Financial Protection Bureau, had a hearing with the Senate Banking Committee Tuesday. The elephant in the room — no pun intended …
A study published by credit card comparison site CardHub.com last week shows that while the Credit CARD Act of 2009 has helped make the thicket of fine print and legalese somewhat easier to navigate, it’s still a jungle out there. The site’s 2011 Credit Card Application Study looked into the application materials that the 10 biggest …
A recent chart in American Banker magazine highlighted that free checking at larger banks is getting scarcer. As recently as 2009, 96 percent of banks with more than $50 billion in assets offered free checking; now, that number …
Discover Financial Services is discontinuing a security tool that allowed cardholders to request a randomly generated, one-time-use card number they could utilize for online or card-not-present transactions for which they …
Americans along the East Coast, especially in the Northeast, are still grappling with the aftereffects of Hurricane Irene. Many have no power and a smaller number have been displaced from their homes or are trapped by washed-out …
On Tuesday, TIME Moneyland and many other news outlets wrote about a story in the New York Daily News claiming that guests at a Brooklyn hotel were charged $999 a night for a room during Hurricane Irene. Readers expressed indignation, the Attorney General got involved, and the hotel insists the astronomical price was a technological mix-up.
While Hurricane Irene didn’t do as much damage to major cities like New York as forecasters had feared, some unlucky travelers found that the storm packed a hefty wallop to their wallets, thanks to some hotels that saw the storm …
Fifth Third bank has debuted a hybrid credit-debit card called Duo, which is linked to both a checking account and a line of credit. But beware: Using the card could be costly.
Listen up, cardholders: Make the most of teaser rates while they last. Credit card issuers are aggressively courting new customers with zero percent introductory APRs and balance transfer rates equally as low, but standard APRs …