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The Consumer Financial Protection Bureau (CFPB) on Wednesday warned that credit card companies devaluing or canceling reward points, cash back or miles rewards programs may be breaking the law.
Steps to take if your bank refuses to refund your money. Since consumer protections typically focus on preventing fraud — rather than scams — you are far from alone if you’re unable to get ...
While banks have cut back on overdraft fees in the past decade, the nation’s biggest banks still take in roughly $8 billion in the charges every year, according to data from the CFPB and bank ...
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
Green Dot also transfers individuals' direct deposit funds (such as Social Security payments) from the US government to personal bank accounts. They also provide co-branded card programs to Walmart, Boost Mobile, AT&T and Citibank. In 2007, Green Dot raised $20 million in funding, [6] including Sequoia Capital as an investor.
“All too often, people take out debt consolidation loans and then refill their credit cards,” Zigmont said. “If you are taking out a debt consolidation loan, remember that you haven’t ...
As of Jan. 24, Harris Teeter is charging a 75-cent fee for cash withdrawals up to $100, and a $3 fee for cash withdrawals exceeding $100, according to signs posted in stores around the state.