Citigroup Launches 5 Percent Cash-Back Card
Citigroup Now Offering 5 Percent Cash Back On Credit Card
Read MoreCredit Cards
Feds Sue Credit Repair Company For Misleading Consumers And Charging Illegal Fees
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit in federal district court against the credit repair company Prime Marketing Holdings, LLC, which allegedly charged consumers a series of illegal advance fees as well…
Citibank To Pay $700 Million To Consumers For Illegal Credit Card Practices
Millions of Consumers Harmed by Bank’s Deceptive Marketing and Unfair Billing of Credit Card Add-On Products and Services, and Other Unlawful Practices The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries…
50 Million Credit Card Consumers Now Have Access To Free Credit Scores
New Study Indicates that Consumers Access Credit Scores and Credit Reports in a Variety of Ways but Confusion Persists The Consumer Financial Protection Bureau (CFPB) reported that more than 50 million consumers now have free…
Consumer Financial Protection Bureau Study Finds That Arbitration Agreements Limit Relief for Consumers
Today, the Consumer Financial Protection Bureau released a study indicating that arbitration agreements restrict consumers’ relief for disputes with financial service providers by limiting class actions. The report found that, in the consumer finance markets…
Unseen Toll: Wages of Millions Seized to Pay Past Debts
A new study provides the first-ever tally of how many employees lose up to a quarter of their paychecks over debts like unpaid credit card or medical bills and student loans. by Paul Kiel, ProPublica,…
Feds Warn Credit Card Companies Against Deceptively Marketing Promotional Offers
Consumers Can Be Hit With Surprise Charges After Signing Up for Credit Card Interest-Rate Promotions The Consumer Financial Protection Bureau (CFPB) is warned credit card companies against deceptively marketing interest-rate promotions. The Bureau is concerned…
Feds Warn Against Overdraft Coverage
Today’s study confirms that opting in for overdraft coverage for debit card and ATM transactions is an expensive way to manage a checking account. Consumers use their debit cards nearly three times as often as…
CFPB Accepting Consumer Complaints ON Prepaid Cards and Additional Nonbank Products
Nonbank Products Include Debt Settlement and Credit Repair Services, Pawn and Title Loans The Consumer Financial Protection Bureau (CFPB) is now accepting complaints from consumers encountering problems with prepaid cards, such as gift cards, benefit…
Feds Order GE Capital To Pay $225 Million To Consumers For Deceptive And Discriminatory Practices
The Consumer Financial Protection Bureau (CFPB) is ordering GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to provide an estimated $225 million in relief to consumers harmed by illegal and discriminatory credit…
American Express To Pay $59.5 Million For Illegal Credit Card Practices
The Consumer Financial Protection Bureau (CFPB) today ordered American Express to refund an estimated $59.5 million to more than 335,000 consumers for illegal credit card practices. These practices included unfair billing tactics and deceptive marketing…
Chase And JP Morgan Ordered To Refund $309 Million For Illegal Credit Card Practices
The Consumer Financial Protection Bureau (CFPB) ordered Chase Bank USA, N.A. and JPMorgan Chase Bank, N.A. to refund an estimated $309 million to more than 2.1 million customers for illegal credit card practices. This enforcement…
FTC Expands Its Case Against Alleged Credit Card Interest Rate Reduction Scam
Payment Processing Company Named for Assisting, Facilitating Telemarketing Fraud The Federal Trade Commission continued its crackdown on credit card rate reduction scams by adding eight new defendants to a case the agency brought last year,…
Discover Card’s Deceptive Telemarketing Practices Cost CompanyOver $200 Million
Yet another credit card issuer will have to pay back millions of dollars to customers for misleading telemarketing practices. Today, the Consumer Financial Protection Bureau and the FDIC announced that Discover will refund $200 million…
Bogus ‘Platinum Credit Card’ Sellers Will Pay $7.5 Million to Settle FTC Charges
Banned from Telemarketing, Credit Card Marketing The operators of a Philadelphia-based telemarketing scheme will pay more than $7.5 million to settle Federal Trade Commission charges that they peddled bogus “platinum” credit cards and illegally debited…
How Divorce Affects Your Credit
Divorce is painful. In addition to the emotional and familial challenges, divorce can also affect your finances. How does divorce affect your credit? Divorce itself does not have a direct effect on your credit, credit…
Suze Orman Launches Controversial PrePaid Debit Card
Millions listen, watch and read Suze Orman for what they believe is unvarnished consumer and financial advice. But has Orman crossed the line by launching what could be a controversial prepaid credit card under her…