We support reforms to the financial marketplace to curb bad practices by banks and lenders.
Chase’s new Liquid card certainly seems to be making waves. Chase recently joined a handful of big banks to offer prepaid cards with their Liquid prepaid card. Chase’s Liquid offers a relatively straightforward fee schedule, which consists mostly of a monthly fee of about $5. A quick rundown of Liquid’s fees: $4.95 monthly fee $5 for Continue Reading
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Do you care about your privacy? Your kids’ privacy? Then you should care about the fate of the COPP. The California Office of Privacy Protection (COPP) is about to be eliminated. This important state agency has helped out individuals and businesses with sticky privacy issues like identity theft, online child safety, cyber security, financial privacy and Continue Reading
$25 Billion Mortgage Deal Is A “Down Payment” on Helping Struggling Homeowners and Holding Banks Accountable Thorough Investigation of Bank’s Role In Nation’s Financial Collapse Still Needed The U.S. Department of Justice and Attorneys General from 49 states announced a$25 billion settlement today with five major banks in the country to settle allegations of fraudulent robo-signing of Continue Reading
In response to consumer inquiries about gift cards, and in light of the holiday season, we thought it’s time for a refresher on existing gift card protections for consumers.
Mobile payments are supposed to make consumers’ lives simpler by enabling consumers to pay with cell phones instead of carrying plastic or cash. But, mobile payments may cause consumers huge headaches with the lack of consistent consumer protections if a transaction goes awry or when mobile phones are lost or stolen and used to make unauthorized purchases.
Campuses across the nation have been adopting the Higher One card for their students. While these cards may be providing cost savings to college institutions, students are finding huge problems.
Today’s American Banker featured a Viewpoint article by Gail Hillebrand and Mark MacCarthy on the need for strong uniform payment protections for consumers, particularly on mobile payments.
The Department of Treasury has proposed to end federal payments by check beginning March 2011 for new recipients and March 2013 for existing beneficiaries–substituting direct deposit or deposit onto prepaid cards.
If you receive Social Security, Supplemental Security Income (SSI) or Veterans benefits, you know this money is essential to you. It helps you pay for food, housing, and other basic living expenses.
We’ve heard from a number of consumers on our previous blog, Paper statement fees?! Credit card issuers’ latest trick about their frustrations with receiving their bills in the mail and surprise(!) are charged a fee for it.
