CFPB Files Lawsuit against Fifth Third Bank for Opening Unauthorized Accounts

March 10, 2020

The Consumer Financial Protection Bureau has filed a lawsuit against Fifth Third Bank for allegedly opening accounts without customer consent. The Bur...
CONTINUE READING Weekly Credit Card Update–March 6, 2020

March 6, 2020

Visa Joins Mastercard in Cutting Revenue Outlook on Virus Impact Visa became the latest payments firm to face a hit from the spread of coronavirus. Th...

62% of Americans Don’t Know the Impact Payment History Has on Credit Scores

March 5, 2020

In order to maximize your credit score, you need to know how it’s calculated. According to a new study, 62% of Americans do not know that paymen...

3 Out Of 4 Americans Opt for Direct Deposit Tax Refunds

March 4, 2020

Tax season is in full swing, and Americans want their refunds as quickly and conveniently as possible. According to research from ACI Worldwide, 74% o...

Wells Fargo Launches Two New Bank Accounts with Limited Overdraft Fees

March 3, 2020

Wells Fargo plans to launch two new bank accounts early next year. Today, the bank announced the development of a no-overdraft and limited-overdraft a...

Supreme Court Evaluates the Future of the CFPB and Other Agencies

March 3, 2020

Today, the U.S. Supreme Court will hear oral arguments to determine the future of the Consumer Financial Protection Bureau (CFPB) and other independen...
CONTINUE READING Weekly Credit Card Update–February 28, 2020

February 28, 2020

Venmo Prototypes A Debit Card For Teenagers Allowance is going digital. Venmo  has been spotted prototyping a new feature that would allow adult user...

Big Banks Beat Out PayPal and Square for Merchant Service Satisfaction

February 27, 2020

PayPal, Square, Stripe and Intuit Quickbooks have built their brands on payment processing, money management and merchant services. When it comes to c...

Venmo Is Under Fire for Sharing Location Data to Third-Party Company

February 25, 2020

The payment app Venmo is once again under fire for privacy issues. Jefferson Graham of USA Today discovered that his home address was shared after a V...
CONTINUE READING Weekly Credit Card Update–February 21, 2020

February 21, 2020

Mastercard Is Pioneering New Payment Technology That Identifies Commuters By The Way They Walk Commuters may soon be able to ditch their bus pass and ...