banking

11 data breaches that stung US consumers

Veterans Administration

Year: 2006

Affected: 26.5 million veterans and active-duty personnel

Cost: More than $384 million (Ponemon Institute estimate)

What happened: A laptop that a Department of Veterans Affairs employee had taken home was stolen. Veterans' names, birth dates, Social Security numbers and other personal information were taken.

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Allison Ross

CFPB concerned about overdraft fees

The Consumer Financial Protection Bureau again has raised concerns about overdraft protections at banks, today releasing a report that says small debit card purchases lead to expensive overdraft fees. "Today’s report shows that consumers who opt in to overdraft coverage put themselves at serious risk when they use their debit card," CFPB Director Richard Cordray  ... Read more

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