Bank of America is notoriously bad about holding checks & fails to notify us of insufficient funds checks until the middle of the month.
The check hold forced me to pay added interest to Wells Fargo while they utilized the readily accessible funds for 10 business days.
Now that the Senate floor debate on financial reform has started in earnest, supporters are ofering a number of amendments to strengthen the bill so that it better protects consumers from unsafe financial products and creates new rules to stop banks from getting so big that they could threaten the financial system.
Categories: Banking, CFPB, Credit Cards, Credit Reports, Gift Cards, Government Issued Cards, Mobile, Mortgages, Payments, Payroll Cards, Prepaid Cards, Student Loans
Tags: car titles, checks, debit cards, loans, overdrafts, Payday Loans, tax refunds
If you are not happy with your bank, consider moving your money to an account at a new financial institution. Vote with your dollars! To help you do so safety, we’ve put together this checklist so you can take the appropriate steps and ensure that all of your bills are paid on time and you avoid being charged overdraft fees.
Moving Your Money to a New Checking Account Steps to Make it Safe and Easy If you are not happy with your bank, consider moving your money to an account at a new financial institution. Vote with your dollars! To help you do so safety, we’ve put together this checklist so you can take the Continue Reading
Under Rep. Tsongas’ bill, consumers will have faster access to their deposited checks
Although the number of checks are declining rapidly, we still get a number of questions regarding checks, or more specifically, calls from frustrated consumers on checkholds.
The Deceptive Loan Check Elimination Act fills a gap in protections against mailing unsolicited credit devices that has existed since Congress prohibited banks from mailing live credit cards to consumers in the 1970’s. Read the support letter from Consumer Action, Consumer Federation of America, Consumers Union, National Consumer Law Center, U. S. Public Interest Research Continue Reading
The President’ today released his comprehensive plan to fix the oversight of financial products and markets.