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Entries Tagged as 'Banking'

Credit Unions: How They Work & How to Join (It’s Easier Than You Think)

February 6th, 2018 · No Comments · Banking

All the hype you’ve heard about credit unions is well-earned. It’s the reason we’ve seen growth at more than three times the rate of credit activity among consumers of other lender types. And it’s the reason you need to know how credit unions work and how to join one, which is easier than you might think. Whether it’s better customer service you’re looking for, or better chances of getting a loan when you’re trying to repair your credit, get the facts about how a credit union could be just what you need.

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Tricking Consumers Into Overdraft Protection Is Not Consent: CFPB Sues TCF National Bank for Alleged Violations

January 20th, 2017 · No Comments · Banking

Gone are the days when banks could make overdraft protection mandatory on your debit or ATM transactions. That said, bank customers can opt in to the service if they like. What’s not fair – or legal – is tricking customers into the opt-in, either by not making it clear they have a choice or not making it clear what they’re agreeing to. For allegedly violating these rules, the Consumer Financial Protection Bureau (CFPB) is suing Minnesota-based TCF National Bank.

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Wells Fargo Secretly Opened Unauthorized Accounts: What You Need to Know

September 14th, 2016 · No Comments · Banking

Whether you’re a Wells Fargo customer or not, news that the bank secretly opened unauthorized accounts should be a wake-up call for all of us. Get the facts about what happened and keep a close eye on your bank account so you can catch unauthorized activity as soon as possible.

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