We support reforms to the financial marketplace to curb bad practices by banks and lenders.
checks
Larry of Portland, OR
The check hold forced me to pay added interest to Wells Fargo while they utilized the readily accessible funds for 10 business days.
Senate debate on financial reform heats up
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
Moving Your Money? Use these tips to do it right!
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.
Categories: Banking
Tags: checks, loans, overdrafts
Steps to Safely Move Your Money to a New Bank Account
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
Categories: Banking
Tags: checks, loans, overdrafts, tips
The Faster Access and Shorter Transaction Time for Checks Act of 2010
Under Rep. Tsongas’ bill, consumers will have faster access to their deposited checks
Back to Basics: Checkholds
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.
Support for the Deceptive Loan Check Elimination Act
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
Categories: Banking
Tags: checks, legislation
Consumer Financial Protection Agency – What it is and What it does
The President’ today released his comprehensive plan to fix the oversight of financial products and markets.
Categories: Banking, CFPB, Gift Cards, Mortgages, Payments
Tags: checks, debit cards, insurance
Overdraft Fees
Were you charged outrageous fees for “overdraft protection”?
Categories: Banking
Tags: checks, debit cards, loans, overdrafts
Checks
Although the numbers of checks are dwindling, consumers are still paying and being paid by check. Many consumers’ frustrations are due to lengthy check processing times, which vary depending on the way the check is processedâwhich the consumer has little to no control over.
