Filed under: Banks
The dam is breaking.
Just a few days after Bank of America and Chase announced that they’re revamping the way they charge for overdrafts, Wells Fargo and U.S. Bank are getting in on the action.
Filed under: Insurance
When you’re cleaning your house, should you be more scared of your washing machine or your vacuum cleaner? If you had to choose, should you ride with a teen driver or a 90-year-old driver? Insure.com asked Fred Kilbourne, actuary with The Kilbourne Company in San Diego, to help us figure out our everyday risks. Click through our gallery to see what you should be more worried about.%a, %d %b %Y %H:%i:%s EST
Filed under: Banks, Technology
While banks and banking in general are something most of us take for granted, something as simple as paying an electric bill could take an individual in Latin America several hours of waiting in line. Some might even travel up to 15 km just to pay a bill.
The impact of such barriers to paying a bill are incredible. People end up spending significant periods of time away from their businesses, jobs and families; all to accomplish a task that takes most Americans a few mouse clicks or a stamp.
Filed under: Banks, Ripoffs and Scams
Banks will charge a shameful $38.5 billion in overdraft fees to the American public this year, and most of them are the ones who can least afford it — the working poor and the unemployed who are constantly juggling utility bills and can barely afford groceries.
Congressional Democrats are finally moving toward limits on banks’ ability to charge overdraft fees, calling them “criminal” and a “rip-off.” Given my long and once-cozy relationship with the banking industry, I agree — and think it should have happened years ago.
Filed under: Credit, Debt, Consumer Ally, Credit cards
A California woman who made a widely publicized YouTube video calling for a “Debtors Revolt” — announcing she wouldn’t be paying her credit card bills because her interest rates skyrocketed — has a new video proclaiming a personal victory.
Filed under: Insurance, School
Community colleges may hold the promise for a brighter future, according to President Obama, but officials in St. Louis, Mo., likely wish the dimwit who left a coffeemaker running overnight causing $200,000 in damage at a campus there would have thought twice before calling it an evening.
Insurance is expected to cover about half of the damage caused at St. Louis Community College by the waterlogged coffee maker, which reportedly leaked an estimated 10,000 gallons of water onto four flours of the college’s Forest Park facility, destroying 115 computers and damaging furnishings. (Continue the story…)
Filed under: College, Career, Recession, School
Soaring unemployment has plenty of people wondering how to improve their odds in today’s ultra-competitive job market — and do something constructive with all of their extra free time.
Filed under: Retire, Retirement advice
While we won’t have the official word on the annual cost-of-living increases (COLA) until mid-October, the Congressional Budget Office estimates that there will be no COLA increase for 2010 — the first time without an increase in 35 years.
For most that also means there will be no increase for Part B premiums, but some will see an increase.
Filed under: College, Technology, Fraud, School
As autumn nears, it’s time for college students to think of preparing for exams, coeds, long walks through campus and identity theft.
Florida law firm Morgan and Morgan filed a first-of-its-kind lawsuit alleging that a company’s collection calls were so frequent and harassing that they contributed to a person’s death because they increased Stanley McLeod’s blood pressure and stress levels.
McLeod’s debt problems stemmed from the fact that he had difficulty paying his mortgage because he had to quit his job at Sears after suffering a massive heart attack.