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
36,000 borrowers cheated by their colleges are getting their federal student loans erased
Tens of thousands of former students who were misled by their colleges are having their federal student loan balances wiped clean. The U.S. Department of...
A scammer who collected elderly victims’ cash and gold by courier just got 18 years in prison
A 23-year-old courier who helped strip elderly Americans of their savings has been ordered to spend 18 years in federal prison. Atharva Shailesh Sathawane, of...
A Florida widow, 79, lost $200,000 to a crypto scam, then helped police trap the courier sent back for $30,000 more
A 79-year-old Florida widow who had already lost $200,000 to a cryptocurrency scam agreed to cooperate with law enforcement when the same fraud network sent...
Cardholders and merchants have until July 15 to claim a share of American Express’s $250 million card-fee deal
Cardholders who paid fees on non-rewards American Express credit cards or debit cards in certain states now face a July 15 deadline to file claims...
$250 million from American Express will be split with cardholders and merchants over card-fee claims, with claims due July 15
Merchants and cardholders who paid fees on American Express transactions now face a July 15 deadline to file claims in a $250 million class action...
Who can still get a check from Capital One’s $425 million settlement? Anyone who held a 360 Savings account from 2019 to 2025.
Millions of Capital One customers who watched their savings account interest rates stagnate while the bank promoted higher yields on a nearly identical product now...
$3 million in FTC refunds is going out to homeowners deceived by the Home Matters mortgage-relief scheme.
The Federal Trade Commission is sending checks to 1,821 homeowners who paid illegal upfront fees to a mortgage-relief operation that falsely promised lower payments and...
New Parent PLUS borrowers lose access to Public Service Loan Forgiveness on July 1.
Parents who borrow federal loans to help cover their children’s college costs after July 1, 2026, will no longer qualify for Public Service Loan Forgiveness....
The SAVE student-loan plan is ending, and 7 million borrowers have 90 days to pick a new plan or be moved automatically.
Roughly 7.5 million federal student-loan borrowers enrolled in the SAVE repayment plan will soon receive notices from their loan servicers telling them the plan is...
Freeze a grandchild’s credit to block identity thieves from opening accounts for years.
Children who have never applied for a loan or a credit card can still become victims of identity theft, and the fraud often goes undetected...
Banks can again charge about $35 per overdraft after Congress repealed the fee cap, and a court tossed the $8 late-fee limit
Consumers at the largest U.S. banks face a return to roughly $35 overdraft charges after Congress nullified the Consumer Financial Protection Bureau rule that would...
A new federal student-loan plan starting July 1 wipes out unpaid interest for borrowers who pay on time
Federal student-loan borrowers who make their monthly payments on time will no longer watch unpaid interest pile onto their balances under a new repayment structure...
A 0% balance-transfer card can pause credit-card interest for over a year
Cardholders carrying revolving balances on high-rate credit cards can stop interest charges from growing for 15 to 21 months by transferring those balances to a...
A secured credit card with a small deposit rebuilds a damaged score fast
Consumers locked out of traditional credit cards because of low scores now have a clear, low-cost path back: a secured credit card backed by a...
About 12 million federal student-loan borrowers, more than 1 in 4, are now behind or in default
Roughly 12 million people with federal student loans are now behind on payments or sitting in default, a figure that amounts to more than one...
Comcast data-breach victims can claim about $50 with no proof, or up to $10,000 with records, with claims open this summer
Nearly 35.9 million Comcast and Xfinity customers whose personal data was exposed during an October 2023 breach can soon file claims for compensation, with a...
A buyer can assume a seller’s FHA or VA loan and inherit its lower interest rate
Homebuyers locked into mortgage rates above 6 percent have a federal workaround that most never hear about: taking over a seller’s existing FHA or VA...
Denied a checking account? Dispute the errors on your free ChexSystems report
Consumers across the United States who walk into a bank expecting to open a simple checking account can find themselves turned away for reasons they...
Enroll Confidently data-breach victims can take about $100 with no proof, or up to $3,500 with records, before the July 22 deadline
People affected by the Enroll Confidently, Inc. data breach face a narrow window to file settlement claims, with a July 22 deadline that splits claimants...
About 2.6 million more federal student-loan borrowers slid into default and were sent to collections in just the first quarter of this year
Roughly 2.6 million federal student-loan borrowers fell into default and were referred to collections during the first quarter of the current fiscal cycle, pushing the...