Holiday shopping

Credit Card Deals: Wisely Use Balance Transfers, Bonus Rewards

For the consumer in good credit standing, there is much to celebrate this Black Friday/Cyber Monday holiday shopping period, including strategies that can save you money on your credit cards. You may have noticed ...
U.S. Rep. Peter Welch, D-Vermont

Justice Dept: Banks’ Debit-Card Fee Actions Under Antitrust Review

The U.S. Justice Department is reviewing rescinded plans by the nation’s largest banks, including Bank of America and JPMorgan Chase, to implement debit card fees and will take “appropriate action” if violations ...
Credit card rewards

Discover-Amazon ‘Cashback’ Latest of Surging Rewards Offers

The term “cash back” has helped revitalize rewards programs and promotions in the aftermath of financial reform laws, and credit card issuers hope it’s the buzzword to snag shoppers as the holiday season looms. Customers ...
Debit card bank fees

Consumer Feedback Spurs Regions, SunTrust to Drop Debit Card Fees

Fee-fatigued consumers scored a double victory today as SunTrust and Regions decided to end debit card fees for purchases and issue refunds to customers already charged. The reversal by both banks followed retreats ...
Debit card fees

Chase, Other Big Banks Retreat on New Debit Card Fees

The big consumer blowback from Bank of America’s planned $5-a-month debit card fee may have had a widespread impact as JPMorgan Chase and other big banks have reportedly decided not to pursue similar fees. Chase, ...
Chase

Chase Mortgage Unit to Expand Help for Those ‘Underwater’

Chase, the nation’s largest bank, said it is joining the Obama Administration’s expanded program for homeowners who are “underwater” to refinance their homes at current, historically-low interest rates. Chase ...

JPMorgan Chase Bumps Bank of America for Bragging Rights

JPMorgan Chase today earned the status of top U.S. bank by assets after rival and longtime No. 1 Bank of America released its third-quarter earnings. Bank of America’s assets fell to $2.22 trillion in the quarter, ...

Treasury: ‘Robo-Signing’ No Affect on Mortgage Modifications

A top Treasury official overseeing the Obama Administration’s foreclosure relief program said today that the shoddy foreclosure paperwork practice known as robo-signing has not affected mortgage modifications. Phyllis ...

Fed Chief: Regulators Eye ‘Systematic Weaknesses’ in Foreclosures

Regulators next month will have preliminary results of their review into reports of shoddy foreclosure paperwork as a potential crisis looms in a housing market where more than a quarter of sales are distressed ...

N.Y. Courts Act to ‘Protect Integrity’ of Foreclosure Process

The New York court system today became the first in the nation to issue a new rule in response to the uproar over shoddy foreclosure paperwork by lender representatives. The rule requires attorneys for plaintiffs ...
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