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 fifth U.S. bank failed in 2026, and every insured deposit moved to a new bank overnight
Tioga-Franklin Savings Bank, a small Philadelphia lender, was closed by Pennsylvania regulators on August 21, the fifth FDIC-insured bank to fail in 2026. There was...
A Texas investment CEO drew 11 years for a Ponzi scheme that snared Travis Kelce
A federal judge in the Eastern District of Missouri sentenced Siddharth Jawahar, the 38-year-old founder of Texas-registered investment firm Swiftarc Capital, to 11 years in...
Single bank accounts keep up to $250,000 in FDIC coverage
A single-owner bank account can have up to $250,000 in standard FDIC coverage at an insured bank. The key qualifiers are as important as the...
FTC’s active refund page lists Grubhub customer payments
The Federal Trade Commission’s active refund directory currently lists Grubhub Refunds. The entry is dated August 2026 and identifies Analytics Consulting as the administrator, with...
FTC’s active refund page lists Amazon Flex driver payments
The Federal Trade Commission’s current refund directory lists Refunds for Amazon Flex Drivers as an active program. The directory identifies the entry as August 2026...
The FTC lists AT&T data-throttling refunds as an active program
The Federal Trade Commission currently lists AT&T Data Throttling Refunds among its active refund programs. The listing includes JND Legal Administration as the contact, while...
A Richmond Hill clinic paid $113,199 in back wages
A Richmond Hill urgent-care facility paid $113,199 in back wages after a federal investigation, the Department of Labor reported. The Wage and Hour Division said...
Baton Rouge workers recovered $101,125 in unpaid wages
The Department of Labor recovered $101,125 in back wages for 36 workers at three Baton Rouge-area Japanese restaurants, according to a recent Wage and Hour...
South Carolina workers recovered $618,666 in back wages and tips
A South Carolina restaurant group paid $618,666 in back wages to 779 employees after a federal investigation, the Department of Labor said. The agency also...
A $36 million fraud ring targeted more than 400 older Americans
A federal guilty plea has put a specific face on a long-running scheme that prosecutors say drained more than $36 million from more than 400...
FDIC coverage stays unchanged for six months after an account owner dies
Federal deposit-insurance coverage is generally calculated as though a deceased account owner were still alive for six months after death. The grace period gives survivors...
Five named beneficiaries can lift one owner’s FDIC trust coverage to $1.25 million
An owner with trust deposits at one FDIC-insured bank can receive up to $250,000 of coverage for each eligible beneficiary, reaching $1.25 million when five...
A credit-union IRA gets its own $250,000 federal insurance bucket
An IRA held in deposit products at a federally insured credit union receives up to $250,000 of separate federal share-insurance coverage. That retirement-account category is...
MCNA breach victims can claim documented identity-theft losses through October 19
A proposed settlement involving Managed Care of North America, or MCNA Dental, allows eligible class members to seek as much as $2,500 for documented identity-theft...
DATS breach victims can claim up to $5,000 by September 24
Eligible people affected by a DATS data incident have two main payment paths under a proposed class-action settlement: reimbursement of as much as $5,000 for...
Bradford-Scott breach victims have until October 7 to claim cash benefits
A proposed settlement over a Bradford-Scott Data Corporation security incident offers cash benefits to eligible class members, but the window to ask for them is...
Arrowhead breach victims can claim up to $80 for lost time by October 8
People covered by a proposed Arrowhead Regional Computing Consortium data-security settlement can seek payment for time spent dealing with the incident at a rate of...
North Texas boarding-home operators are accused of stealing Social Security money after residents died
Federal prosecutors have accused four North Texas boarding-home operators of exploiting elderly and disabled residents in two related schemes. One indictment focuses on a home...
A Vietnam veteran fraud victim is owed $99,496 in court-ordered restitution
A federal restitution order now places a precise value on the loss suffered by a Vietnam veteran in an impersonation fraud: $99,496. The judgment followed...
Treasury found $17.5 billion in suspected health-care fraud across 5,702 bank reports
The Treasury Department says banks and other financial institutions filed 5,702 reports involving approximately $17.5 billion in suspicious activity potentially tied to health-care fraud. The...