Wednesday, October 18th, 2017

News Tagged - 'consumers'

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.