Wells Fargo just got a huge slap on the wrist for a bank fee gouging practice, called transaction sorting. Transaction sorting consists of maximizing overdraft fees by processing debits in an order favorable to the bank. It can turn a $5 cup of coffee into a $35 cup of coffee. Each overdraft cost the consumer [...]
Entries from August 13th, 2010
Wells Fargo Ordered to Pay $203 million for Manipulation of Overdraft Fees
August 13th, 2010 · 5 Comments · Banking
Tags: financial reforms·overdraft fees·overdraft protection·transaction sorting·Wells Fargo
How Much Does That Car REALLY Cost?
August 12th, 2010 · No Comments · Auto Loans, Budgeting
When determining the real cost of that car, look beyond sticker price to the cost of repairs, insurance and fuel efficiency.
Tags: auto loan·budget·car repairs·insurance·Insurance Institute for Highway Safety·Liz Pulliam·MSN Money
Get Your Groupon!
August 11th, 2010 · No Comments · Budgeting
Get your Groupon for daily deals that cannot be beat – from local businesses your frequent anyway, or want to!
How Do I Know Which Collection Agency Has My Debt?
August 10th, 2010 · 1 Comment · Credit Cards, Debt Collection, Debt Settlement
Q. My credit card debts have been sold to various debt collectors. I get a call or letter from them once every 3 months or so. How can I determine who now has the account? or should I just ignore it and try to just repair my credit? I have had a lawyer’s office contact [...]
Tags: charge-off·collections·Debt Collection·debt negotiation·Debt Settlement·Fair Debt Collection Practices Act·lawyer contact·vailidity of the debt
