The Federal Deposit Insurance Corp. has revised a warning to banks about dealing with potentially fraudulent businesses, eliminating a list of sample merchants it said may warrant special scrutiny. The FDIC said that the list of risky merchants, which included certain telemarketers, pornography businesses, coin dealers, payday lenders and online gambling companies, was not meant
A ridiculous bitcoin parody of Billy Joel’s “Uptown Girl” hopes to educate people about the uses and possibilities of the cryptocurrency.
That little lock icon on your bank’s website may be easy for hackers to pick, according to two recent reports.
The CFPB wants to hear consumers’ complaints about prepaid cards and other nonbank products
Promotional specials on CDs often don’t appear to be enough to draw consumers to deposit money into CDs.
The FTC is raising awareness that those serving our country need to also be wary in guarding their finances.
In a move that could create further tension with banks but generate popularity with consumers wanting to vent, the Consumer Financial Protection Bureau is proposing publishing more information on consumer complaints against banks. In particular, the CFPB wants to give customers the ability to publicly publish narratives of their experiences with a financial company. It
New, thinner ATM skimmers are creating a headache for banks battling fraudsters.
Banks will keep an eye on their CDs and monitor changes in deposit bases as interest rates rise.
PayPal is bucking the trend and discontinuing its mobile check deposit option for consumers.