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Not all hybrid cars are created equal. Some deliver genuine benefits to the environment and consumers, while others are just pricey options that allow automakers to cash in on those five green little letters.
This week the Union of Concerned Scientists unveiled its 2011 Hybrid Scorecard to help consumers tell the difference. The Scorecard rates hybrid
Although the flood of bank failures has slowed somewhat since the financial crisis, the FDIC has still been forced to shut down 120 banks already in 2011. Thanks to the FDIC, account holders whose deposits totaled less than $250,000 at those banks didn’t lose a dime. But the safety and soundness of a bank is
Last week, Dealbreaker published a photo of a bank ATM receipt for a $400 withdrawal tossed on the ground outside a Capital One Bank in East Hampton, N.Y. So what made the receipt newsworthy? Other than a savings account balance of nearly $100 million, not much.
Dealbreaker alleged hedge-fund manager David Tepper was the lucky owner
Would you buy a car without a spare tire? Someday, you may have no choice.
Gene Peterson of Consumer Reports has an interesting item this week on the gradual disappearance of the spare tire:
But now we’re seeing the days of the temporary tire dwindling, with more cars eliminating the spare altogether (along with the tools to
You may have never heard of preemption, but that one little word could have a big effect on whether state banking regulators can protect consumers when large national banks act badly.
Preemption is the idea that federal regulations should always supersede state ones when they conflict, even when federal regulations are weaker. During the run-up to
Let’s be honest; the life of a designated driver isn’t exactly glamorous. Watching everyone else party down while remaining studiously sober so you can drive everyone home in your car can be a drag, especially on holidays like the Fourth of July.
Sure, it’s a nice thing to do, and I’ve done it plenty of times.
Since I last reported on the Citigroup data breach, the bank has admitted that the number of customers affected was around 360,000, about 80 percent more than they originally reported. These types of revelations are now pretty commonplace after data breaches, as firms burned by hackers often prioritize damage control over truthful disclosure.
Of course, the
The Federal Reserve has apparently been swayed by banking industry criticism of its proposed 12 cent cap for debit swipe fees, also known as debit interchange fees. After a hard and sustained lobbying campaign by large and small banks and credit unions, the Federal Reserve Board of Governors today voted to finalize a version of
Coming to the end of your car lease? Ann Carrns of the Bucks blog at the New York Times has an idea:
The recent rise in used-car prices may provide a lucrative opportunity for those with leases to come out ahead of the game.
That’s because dealers set a so-called residual price when they lease a car –
The politicians who crafted and ultimately passed the Dodd-Frank financial reform bill last year made some big promises about how the law would boost safety and soundness at America’s biggest banks, but the biggest blow for bank safety and soundness may have been struck in Basel, Switzerland this week. From Huw Jones at Reuters:
Global banking
