Category Archives: debit card

Bank Fees May Be Here To Stay

Posted on October 20, 2011 by Roland Kedikian

Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make money the old-fashioned way, by lending money to consumers and businesses. The main reason: interest rates are at … Continue reading →

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Top banks accused of colluding on ATM fees

Posted on October 19, 2011 by Roland Kedikian

A New Jersey man sued Bank of America, JPMorgan Chase and Wells Fargo on Wednesday on behalf of ATM users, accusing the banks of colluding to fix the fees they charge customers to withdraw money. The lawsuit, filed in federal … Continue reading →

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Credit card late payments back on the rise

Posted on October 19, 2011 by Roland Kedikian

NEW YORK (CNNMoney) — After a couple years of buckling down and making on-time payments, consumers are starting to be a tad less responsible with their credit cards again. Some of the country’s major credit card issuers posted small increases … Continue reading →

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Banks Woo Top Customers With Cheap Cash

Posted on October 11, 2011 by Roland Kedikian

The four biggest U.S. banks are encouraging their most creditworthy customers to take on more debt, mailing credit-card balance-transfer offers with rates as low as zero percent even as they add fees for other services. Bank of America Corp., the … Continue reading →

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How The Credit CARD Act Impacts Finances

Posted on October 10, 2011 by Roland Kedikian

As you may know, the Credit Card Accountability Responsibility and Disclosure (CARD) Act came into effect in May 2009. The Credit CARD Act was designed to protect consumers from predatory credit card issuers. The act has had many positive effects, … Continue reading →

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Debit card fees are coming: How to avoid them

Posted on October 4, 2011 by Roland Kedikian

Debit cards are convenient, widely accepted and safe. Unlike a credit card with a generous limit, your debit card will not lead you into temptation every time you go to the mall. But, increasingly, consumers who want that kind of … Continue reading →

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Bank of America to charge debit card use fee

Posted on September 30, 2011 by Roland Kedikian

CHARLOTTE (Reuters) – Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of revenue. U.S. banks have been … Continue reading →

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