Personal Finance Advice and Commentary

Bank of America is no longer selling payment protection plans to new cardholders in the wake of a class-action lawsuit.

The new federal consumer watchdog is sniffing at payment protection plans offered by one credit card company, highlighting a profitable plan for issuers that may not be worth your money. Discover said late last month the Consumer Financial Protection Bureau (along with the Federal Deposit Insurance Corp.) is checking into the marketing of its payment