Now Chase and a slew of other big U.S. banks want to create a single “QuickPay” of sorts to better compete with Venmo’s money-transfer app, which is growing incredibly fast in popularity.
Big banks reportedly are trying to restrict the stream of financial data moving into personal-finance sites and applications that help consumers with budgeting, paying bills and keeping track of all banking and investment accounts.
Issues with debt collectors, mortgage servicers and credit reporting agencies made up the top three categories in the U.S. Consumer Financial Protection Bureau’s first monthly report on complaint volume. Consumer…
JPMorgan Chase, Bank of America and Wells Fargo Bank each reported more than $350 million in overdraft fees for the first quarter.
Debit-card thefts at ATMs located on bank properties surged 174 percent from Jan. 1 to April 9, compared with the same period last year. Meanwhile, attacks against nonbank machines soared by 317 percent.
Bank of America and JPMorgan Chase, two of the nation’s biggest lenders, will update credit reports of more than a million Americans to remove debts that had been eliminated in bankruptcy.
The most important protection that small biz owners are missing is the rule that prohibits credit card companies from raising interest rates on existing debt — unless a cardholder is at least 60 days delinquent.
Chase and Bank of America will start providing FICO scores to some of their customers for free this year. Ally Financial, one of the largest issuers of auto loans, will also begin offering FICO scores to all of its car-loan customers.
A married couple has been awarded more than $1 million in compensation in a lawsuit against Bank of America alleging years of “abusive” harassment over late mortgage payments.
Consumer advocates say those who have already lost theirs homes to a foreclosure or a short sale will likely benefit very little, if at all.