Remember transaction sorting? Banks preventing consumers from opting out of overdraft protection? Thought the new consumer protection laws had outlawed these practices and made them obsolete? Sure they’re obsolete and illegal NOW, but banks still have to make reparations for the past. Earlier this year, Bank of America agreed to pay $410 million to settle [...]
Entries from July 19th, 2011
Bank of America to Pay $410 Million for Overdraft Practices
July 19th, 2011 · No Comments · Banking
Tags: bank accounts·bank of america·checking accounts·Opt Out·overdraft fees·transaction sorting·Wells Fargo
3 Steps to Safely and Successfully Use Credit Cards Abroad
July 18th, 2011 · No Comments · Credit Cards
To make the most of your trip – for business or pleasure – follow these three steps to safely and successfully use credit cards abroad.
Tags: APR·ATM·cash advances·Credit Cards·foreign transaction fees·international travel·magnetic strip technology·microprocessor chip technology·Passport·travel rewards·trip insurance
Chase Extends Impressive Banking Benefits to Military Personnel
July 15th, 2011 · No Comments · Banking
Starting July 1, Chase offers to active duty military personnel the same benefits previously limited to its high-balance customers.
Tags: active duty·bank accounts·Banking·banking benefits·banks·Chase·JPMorgan Chase·military·military banking·military personel
Happy Birthday for Banks or Consumers? Dodd-Frank Turns 1 Year Old
July 14th, 2011 · No Comments · Banking
Yesterday marked the one-year anniversary of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Tags: debit card fees·Dodd-Frank·Fed·Federal Reserve·financial reform
