banks

Fifth Third Bank Nailed For Illegal Practices

Company to Pay $18 Million to Minority Auto Borrowers, $3 Million to Credit Card Customers The Consumer Financial Protection Bureau (CFPB) has taken two separate actions against Fifth Third Bank, for discriminatory auto loan pricing and for illegal credit card practices. The joint CFPB and Department of Justice (DOJ) auto-lending enforcement action requires Fifth...

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Fingerprint Security Introduced for Bank of America Mobile App

September 17, 2015
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By LowCards.com Nearly half of mobile device owners in America have used mobile banking at least once in the last month, according to a recent study. But with this usage comes one major concern: the security of such transactions. Bank of America is trying to address that concern with biometric technology. Soon you’ll be...

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Citizens Bank Fined For Ripping Off Customers

August 12, 2015
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Today the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) took action against Citizens Bank for failing to credit consumers the full amounts of their deposited funds. The bank kept money from deposit discrepancies when receipts did not match actual money...

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A New Way to Protect Against Identity Theft

August 2, 2015
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By LowCards.com Another day and another data breach. Actually, two of them. Trump Hotel Properties and Harvard University both announced recently they had possible breaches of their databases, exposing customers and students to identity theft. Significant data breaches are happening almost every week, and that may have you wondering if you are a victim...

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