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Friday, March 29th, 2024

Finance, Banking & Credit Card News

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 Americans are turning to and relying on pawn shops and payday cash advance companies.

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.