Banking & Credit Cards
How banks, credit cards, and payment systems work. Covers products, rates, fees, regulations, and what consumers need to know to navigate the banking system.
Latest in Banking & Credit Cards
A federal judge gave final approval Oct. 9 to 700Credit’s $17.5 million data-breach settlement after its claim period closed Sept. 22
A federal judge gave final approval on Oct. 9 to 700Credit’s $17.5 million data-breach settlement, 17 days after the claim period closed on Sept. 22....
People notified of the 2024 Brockton Neighborhood Health Center breach have until Dec. 8 to claim up to $2,500 from an $825,000 settlement
Patients caught in the 2024 data breach at Brockton Neighborhood Health Center have until Dec. 8 to claim from an $825,000 settlement. Documented losses can...
People notified of Covenant Health’s May 2025 data breach have until Dec. 30 to claim an estimated $75, or up to $5,000 in documented losses
People who received notice of the May 2025 data breach at Covenant Health have until Dec. 30 to claim from a $2 million settlement. The...
People notified of Communications Data Group’s 2025 data breach have until Nov. 10 to claim $45 or up to $5,000 in documented losses
People who received a notice about the February 2025 data breach at Communications Data Group have until Nov. 10 to file a claim. The settlement...
Bank of America was hit with a $750 million OCC penalty, but the order does not send payments to customers
The Office of the Comptroller of the Currency has imposed a $750 million civil money penalty on Bank of America, the largest in the agency’s...
American Express National Bank must file a fix plan within 90 days after an OCC money-laundering order
American Express National Bank has about 90 days to give federal regulators a written plan for fixing its anti-money-laundering controls. The Office of the Comptroller...
Wells Fargo CARES Act settlement checks mailed to California borrowers go void 90 days after they are issued
Wells Fargo settlement checks for California mortgage borrowers go void 90 days after they are issued. The $56.85 million CARES Act settlement pays eligible borrowers...
NFL credit-card holders lost their old Visa cards October 12 when accounts moved to the American Express network
Existing NFL Extra Points Visa cards stopped working after October 12, when Bread Financial moved the card program onto the American Express network. Account numbers,...
Former Digit savings customers have until November 14 to choose how a CFPB payment arrives
Former customers of the Digit automatic savings app have until November 14, 2026, to tell the Consumer Financial Protection Bureau how they want to be...
Hospital Español Auxilio Mutuo data-breach claimants have until December 21 to seek money from a $500,000 fund
People whose personal information may have been taken in the 2023 data breach at Hospital Español Auxilio Mutuo de Puerto Rico have until December 21,...
Trump signed a law requiring dating apps to warn members when someone who messaged them was banned for fraud
The Romance Scam Prevention Act became law on October 20 with President Trump’s signature, requiring online dating services to tell a member when someone who...
Missouri Schnucks shoppers taxed on rewards discounts have until November 3 to claim
Missouri shoppers who used Schnucks Rewards Points have until November 3, 2026, to file for a flat $7.00 payment from a class settlement. The case...
Sunoco cardholders still owe their balances after the cards close, and AutoPay keeps running
Sunoco cardholders still owe their balances after the cards close on October 31, and AutoPay keeps running. Citi told CardRates that it will continue to...
Michigan warns older adults that Medicare never calls during open enrollment
Michigan’s insurance and health departments are warning older residents that Medicare never calls or visits during open enrollment, which runs from October 15 to December...
Social Security’s watchdog counted 385 scam victims aged 50 and older against 451 under 50 in one quarter
Social Security’s inspector general counted 451 people under 50 who reported losing money to Social Security impostors from April 1 to June 30, 2026, against...
Social Security’s watchdog says scammers now use real employee names on fake badges
Scammers are putting the names of real Social Security inspector general employees on fabricated badges, the agency’s watchdog says. The Office of the Inspector General...
A failed California bank’s only branch reopened as a Sunwest Bank branch three days later, with Sunwest buying about $476 million of its $736 million in assets
Nano Banc, a bank whose only branch was in Irvine, California, was closed on Friday, September 25, 2026, and that branch opened again on Monday,...
Bright Lending borrowers must choose by December 21 between taking debt cancellation and cash or keeping the right to sue
Borrowers covered by the Bright Lending class settlement have until December 21, 2026, to decide whether to stay in or leave. Staying in brings debt...
Citi is closing every Sunoco credit card on October 31, the 5-cent-a-gallon discount ends with it, and no replacement card is being issued
Citi is closing every Sunoco credit card on October 31, and the 5-cent-a-gallon discount that came with the card ends the same day. Citi is...
Chase raises the legacy IHG Rewards Select fee to $99 at 2027 renewal, with new terms effective December 2
Chase is raising the annual fee on its legacy IHG Rewards Select card from $49 to $99, the first change since the bank stopped selling...