California Planning Crackdown on 'Fintech' Payday, EWA Lenders
EWA loans let workers get at wages before payday rolls around, but the money comes at a cost.
When Is A “Safe Investment” Not So Safe?
Risky bank business - take a careful look before depositing large sums.
Feds Go Looking for Junk Fees, Find Plenty Lurking in Loans
"Junk fees creeping across the economy," new report finds.
Vampire Expenses: How to Detect and Control Them
In managing our personal finances, it is important to pay attention to all the expenses we make, not just the ones we have planned. Many times, there are disbursements that go unnoticed and end up affecting our budget significantly. It is in this context that the so-called "vampire expenses" arise.
MoneyGram Refunding $115 Million In Scam Funds Crackdown
MoneyGram is paying the price for failing to stop scammers from exploiting its system. It is sending more than $115 million in refunds to consumers nationwide.
The refunds are a result of a 2018 action the Federal Trade Commission and the U.S. Department of Justice brought against MoneyGram, charging
UniTeller Hit for Money Transfer Problems
The Consumer Financial Protection Bureau (CFPB) has issued an order against Servicio UniTeller, an international remittance company, for multiple violations of the requirements governing electronic money transfers, including failing to refund customers after the company made money transfer errors.
The CFPB found Servicio UniTeller failed to comply with many Electronic
Wells Fargo Sued Over Clients' Zelle Losses
Zelle is a handy way to transfer money but it’s also an easy way to lose it. A class action lawsuit charges that Zelle and Wells Fargo aren’t doing enough to protect their clients against fraud. Other banks face similar suits.
In the Wells Fargo lawsuit, Luke Hartsock