How Banks & Credit Card Companies Verify Identity Online
It’s fascinating to realize every time we apply for a credit card or bank account online, the technology provides for answers within seconds. Ever wonder how they do that?
IFR: Problems Grow, Lawsuit Next?
May 9, 2013
The disorganized and embarrassing known as IFR continues to fall apart as Rust Consulting admits to sending wrong checks out this week.
Visa and MasterCard Bolstered by Consumer Spending
May 2, 2013
Visa and MasterCard offer up a mixed bag of profits and updates. Swipe fee lawsuits and technology play a role, too.
3 Money Trends That May Affect You
March 28, 2013
The recession has resulted in new credit scoring models and borrowing options.
Court Sides with Miss. Bank
March 26, 2013
After several years and legal appeals, a Mississippi bank has won a court case that includes a ruling that it doesn’t have to cover a $440,000 loss due to wire fraud.
Protecting Yourself from Credit Discrimination
February 14, 2013
CFPB reports credit discrimination is not uncommon. Here’s what to look for.
ING Direct: Just Call Us Capital One 360
February 5, 2013
For ING Direct’s one million customers, there’s a new player in the game and it’s a familiar credit card name: Capital One
Benefits and Pitfalls of Rapid Rescoring
January 15, 2013
Rapid rescoring is a tool mortgage brokers use to help consumers qualify for a home loan. It can’t be used, though, for credit card or student loan approvals.
FTC Looking Into Possible Visa Violations
November 19, 2012
Did Visa violate the Durbin Amendment? This is the one most controversial aspect of the Dodd Frank financial reform laws.
Update on Banks Extending Waivers for Sandy Victims
November 5, 2012
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.
Reexamining Prepaid Cards
September 27, 2012
The recent boost in prepaid card popularity somehow slipped under the radar of some consumers as well as industry experts alike. They are so popular, in fact, that some people prefer them over traditional checking accounts!
Revisions in 2009 CARD Act
September 24, 2012
A poorly-worded clause in the 2009 CARD Act would eliminate problems securing a credit card by stay at home parents and possible domestic abuse victims.