Just about when new rules take effect forcing banks to halt overdraft fees unless a customer opts-in, Bank of America has decided to do away with overdraft fees on debit card purchases altogether. The nation’s ...

In new rules defining “unreasonable” penalty fees under credit card reform laws, the Federal Reserve today proposed prohibiting so-called “inactivity fees” and other fees that exceed the dollar amount associated ...

Starting April 1, advertisements peddling “free credit reports” will require new disclosures to help consumers avoid confusing offers – which often require customers to spend money on credit monitoring or ...

The Obama Administration will allocate $1.5 billion to state housing agencies to help “underwater” borrowers and those unemployed facing foreclosures in the hardest-hit states of California, Arizona, Nevada, ...

With weeks to go before historic restrictions on interest rate hikes take affect, credit card issuers waged a comeback in mailed offers in the fourth quarter of 2009, but the interest rates were higher and annual ...

President Obama today formally launched his already-controversial proposal to re-direct $30 billion in bailout funds into community banks to bolster small business lending. It comes a day after announcing a larger ...

U.S. Treasury and Housing and Urban Development (HUD) officials today announced new paperwork guidelines to speed up permanent mortgage modifications for borrowers under the government’s beleaguered foreclosure ...

Blippy, the Twitter-like social media site that displays how much you’ve spent and what you’ve purchased with your credit or debit card is now live to the general public. Blippy has been tried by about ...

The Federal Reserve today approved a “final rule” restricting interest rate hikes in the first year of credit card agreements and prohibiting increases on existing balances – except in the case ...

With much fanfare recently, Twitter co-founder Jack Dorsey started public testing of a new device, dubbed Square, that attaches to an iPhone and accepts the swipe of a credit card for small business owners. But ...