Update on Banks Extending Waivers for Sandy Victims
by Jon Dell
Many of the banks affected by Hurricane Sandy are at least partly opened for consumers. They all have extended courtesy fee waivers, which means many won’t face credit card payment late fees or NSF charges.
Problems Ahead for $7.2 Billion Card Fee Ruling
by Beth May
The multi billion dollar credit card swipe fee settlement is nearing, but merchants are still saying it’s incomplete.
New Lenders: Pawnshops
by Beth May
We’ve suspected it; after all, there are so many Americans who are struggling financially and who no longer have access to traditional financial products like checking accounts and credit cards. Now, though, we’ve confirmed what we’ve suspected for months: more …
AMEX Wins Another Lawsuit Against Rapper
by Antonio Bard
Celebrities are drawn to American Express – and American Express loves them too. Until the stop making their payments.
Bank of America Sued Over Mortgage Fraud
by Beth May
The lawsuits keep coming. This time, the government is targeting Bank of America and one-time lender Countrywide Financial Services
SEC Looking into Citi’s Disclosure of Pandit’s Exit
by Antonio Bard
Vikram Pandit may be gone from Citibank, but for the banking giant, it means an SEC probe.
How Credit Card Records are Subpoenaed
by Evita Page
Ever wonder how your credit card statements are subpoenaed?
Just What is the Lilly Ledbetter Fair Pay Act?
by Beth May
President Obama reminded Americans he signed the Lilly Ledbetter Act in 2009, but what does it mean for the wallets of millions of American women?
Equifax Settles FTC Claims
by Jon Dell
Credit reporting company Equifax was ordered this week to pay fines over accusations that it was selling data on delinquent homeowners to third parties.
Is Romney a Threat to CFPB?
by Antonio Bard
Big changes are coming in the financial sector if Romney & Ryan win the White House. One of those changes is the repealing Dodd Frank, the bill that put into place CFPB.
What Can We Really Expect From Fiscal Cliff?
by Antonio Bard
Do you think the fiscal cliff will occur? If it does, millions of Americans will lose the tax cuts that have kept them out of poverty.
New Prepaid Card Package from Wal-Mart, Amex
by Evita Page
Wal Mart and American Express have teamed up to offer a new prepaid debit card product, Bluebird – and it offers more than any other similar card offer on the market.