banks

Feds Propose To End Payday Debt Traps

 The Consumer Financial Protection Bureau (CFPB) today proposed a rule aimed at ending payday debt traps by requiring lenders to take steps to make sure consumers have the ability to repay their loans. The proposed rule would also cut off repeated debit attempts that rack up fees. These strong proposed protections would cover payday...

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Americans Not Doing Enough to Protect Their Privacy Online

November 18, 2015
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By LowCards.com Nearly every American consumer (98%) believes they are creating safe passwords, but a recent study shows that only 6% are actually doing so. The study by Avast, a company specializing in PC and mobile security, is surprising since 69% of respondents say having others access their personal information is one of their...

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Overdraft Fees For Student Credit Cards Banned

Final regulations announced by the Obama Administration and the Department of Education will add new consumer protections to bank accounts and prepaid cards used to access student loans. These new protections will ensure that students can access their student loan proceeds without incurring confusing or excessive fees and improve student choice when selecting a...

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Your Social Media Posts May Soon Affect Your Credit Score

October 20, 2015
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By LowCards.com There’s a new reason to be careful when updating your Facebook status. As reported on Investors.com, talking about a weekend of debauchery might lower your credit score. The Fair Isaac Corporation (or FICO), a credit rating agency, is implementing new strategies for assessing a consumer’s creditworthiness. In addition to looking at the...

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