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
Yahoo just began a second round of data-breach payouts to people who filed claims years ago
People who filed claims against Yahoo years ago for one of the largest data breaches in history are now receiving a second wave of settlement...
Report an unauthorized debit charge and your bank usually has 10 business days to put the money back
Anyone who spots a charge they did not authorize on a debit card or bank account faces an immediate problem: the money is already gone....
Federal rules make the first $225 of a check deposit available the next day
Anyone who has deposited a paycheck and needed the money right away knows the frustration: the bank says the funds are “pending,” and bills are...
Government and nonprofit workers can have their federal student loans erased after 120 payments
Millions of teachers, firefighters, social workers, and federal employees carry student loan debt while earning less than their private-sector counterparts. For those borrowers, the Public...
Report a lost debit card within two days and federal law caps your loss at $50 — wait longer and it can climb to $500
Consumers who lose a debit card face a ticking clock that directly determines how much money they can be held responsible for. Federal rules tie...
Your bank doesn’t have to refund a Zelle transfer you were tricked into sending
Consumers who send money through Zelle after being deceived by a scammer face a hard legal reality: their bank is not required to give the...
Labcorp will pay $35 million over a 2019 data breach, with patients able to claim $50 or up to $5,000 in losses by September 3
Patients whose personal and medical data were exposed in the 2019 breach at American Medical Collection Agency can now file claims for automatic payments of...
American Express now charges $895 a year for the Platinum card, and Chase $795 for the Sapphire Reserve
Cardholders carrying two of the most recognized premium credit cards in the United States now face significantly higher annual fees. American Express raised the Platinum...
The FBI personally warned 8,935 crypto-fraud victims they were being scammed — and 77% had no idea it was happening
Nearly nine thousand Americans were losing money to cryptocurrency fraud without knowing it, and it took a direct phone call or email from the FBI...
Federal law gives you 60 days to dispute a billing error on a credit card and withhold payment on it
Credit card holders who spot an unauthorized charge or billing mistake on their statement face a hard deadline: 60 days to notify the card issuer...
A new class action claims Best Buy secretly sold customers’ personal data to advertisers
A proposed class action lawsuit accuses Best Buy of quietly funneling customers’ personal purchase data to advertisers through its in-house media unit, Best Buy Ads,...
Fandango charged “convenience fees” on online movie tickets — now a $9.4 million settlement is paying California customers back
California customers who bought movie tickets through Fandango are now receiving payments from a $9.4 million settlement that resolved claims over convenience fees tacked onto...
Scam victims can check ftc.gov/refunds to see whether the FTC owes them money
Scam victims who get a surprise message saying they are owed money now have one simple way to check if it is real: look for...
The highest savings account rate available nationwide is now 4.1%
Savers shopping for the best return on their cash can now find a top advertised yield of 4.1 percent APY on a savings account open...
A Washington retiree lost more than $300,000 to a gold-coin scam — then got a $53,000 tax bill because cashing out her investments for the scammers counted as income
A Washington state retiree handed over more than $300,000 to a precious-metals dealer that federal and state regulators later confirmed was a fraud operation targeting...
Krispy Kreme’s data-breach settlement pays up to $3,500, with claims due June 22
Krispy Kreme customers affected by a late-2024 data breach can file claims for up to $3,500 through a class-action settlement, but the window closes on...
Banks must refund unauthorized debit-card charges reported within 60 days under federal law
Anyone who has spotted a charge they did not make on a debit-card statement faces a hard deadline: report it within 60 days of the...
Scammers are sending photos of fake FTC badges to fraud victims — offering to “recover” the money they already lost
People who have already lost money to fraud are now receiving text messages from strangers claiming to work for the Federal Trade Commission, complete with...
AT&T’s $177 million breach payouts, up to $7,500 each, are waiting on a judge’s final sign-off
Millions of AT&T customers whose Social Security numbers were exposed in a 2024 data breach could receive individual payouts of up to $7,500, but the...
Trader Joe’s shoppers have until Tuesday, June 9 to claim an estimated $102 each from the chain’s $7.4 million receipt-privacy settlement
Trader Joe’s shoppers who paid with credit or debit cards during a specific period can file claims for an estimated $102 each from a $7.4...