banks

Read Fine Print Before Signing Up For Reverse Mortgage

CFPB Issues Advisory Warning Consumers Not To Be Deceived Today the Consumer Financial Protection Bureau (CFPB) released results of a focus group study on reverse mortgage advertisements that found many participants were left with misimpressions about the product. After viewing the ads, consumers were confused about reverse mortgages being loans, and they were left...

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Feds Take Action Against Mortgage Lender For Deceptive Practices

Today the Consumer Financial Protection Bureau (CFPB) took action against RMK Financial Corporation for deceptive mortgage advertising practices, including ads that led consumers to believe that the company was affiliated with the U.S. government. The CFPB is ordering RMK to end its illegal and deceptive practices and pay a civil penalty of $250,000. “Deceptive...

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Best 5 Balance Transfer Credit Cards

April 4, 2015
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By LowCards.com Balance transfer credit card offers have been flooding the market for some time, giving consumers with a good credit score the opportunity to save some money. Issuers are offering cards with a 0% APR for 15-18 months on the amount you transfer from one card to another. In some cases, you may...

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Anonymous Credit Card Data Can Still Give Away Your Identity

March 21, 2015
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By LowCards.com Anonymized credit card data that masks the purchaser’s name, card number and other factors may not be as “anonymous” at it seems. According to new research from the Massachusetts Institute of Technology published in Science, it only takes four additional pieces of data to identity 90% of credit cardholders. Researchers at MIT...

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