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
Hackers asked an AI code editor to build a dashboard for their 345,000 stolen credit cards — the AI created a public directory instead, exposing the entire operation
A group of hackers reportedly used an AI-powered code editor to build a management dashboard for what secondary reports and cybersecurity forum discussions describe as...
Student loan borrowers have 59 days to pick a new repayment plan — RAP launches July 1 with a $10 minimum payment and a 30-year forgiveness timeline
Starting July 1, 2026, every new federal student loan will come with repayment rules that break sharply from the system borrowers have known for decades....
The new student loan repayment plan launches July 1 — it requires a $10 minimum payment, takes 30 years to forgive, and replaces every IDR plan you’ve heard of
On July 1, 2026, the federal government will stop offering borrowers a choice among income-driven repayment plans. No more PAYE. No more REPAYE. No more...
The new student loan repayment plan launches July 1 — it requires a $10 minimum payment, takes 30 years to forgive, and replaces every IDR plan you’ve heard of
On July 1, 2026, the federal government will flip a switch that reshapes how millions of Americans repay their student loans. Every income-driven repayment plan...
Equifax warns synthetic identity fraud is slipping past lender checks
A Social Security number belonging to a six-year-old. A name pulled from thin air. A mailing address tied to a rented mailbox. Stitch those fragments...
Student loan collections tighten as federal repayment enforcement ramps up
About 5.3 million Americans with federal student loans are in default, and for the past year, the U.S. Department of Education has sent two sharply...
Auto repair scams explode as tax refund drivers get slammed with surprise fees
A driver walks into a dealership expecting to pay the price on the window sticker. She leaves paying $2,000 more. That is not a hypothetical....
Capital One’s $425M settlement: Who qualifies and what payouts may be
For years, millions of Capital One customers earned a fraction of a percent on their 360 Savings accounts while the bank marketed a nearly identical...
Fidelity details a $15B fraud wave draining savers’ accounts
Fraud targeting Americans’ savings and retirement accounts has surged so sharply that Fidelity Investments, the nation’s largest retirement plan administrator, has escalated its public warnings...
2 major loan defaults deepen losses for private-credit funds
In the span of roughly 90 days, a direct-to-consumer brand aggregator’s loan went from performing to worthless on the books of one publicly traded credit...
Vance task force alleges SBA shielded 562K loans tied to $22.2B fraud
For nearly four years, more than half a million pandemic-era small business loans sat flagged inside the Small Business Administration’s own systems, tagged as potentially...
Chime’s servers went down for a day and 20,000 people couldn’t access their money — now there’s a class action lawsuit alleging the breach was preventable
For roughly 20,000 Chime customers, a single day without server access meant paychecks they couldn’t touch, bills they couldn’t pay, and a customer service line...
Credit card annual fees just crossed $800 at Amex and Chase — and people are still paying them
The American Express Platinum card now costs $695 a year. The Chase Sapphire Reserve sits at $550. And both issuers have layered on so many...
A new credit card charges zero interest, zero fees, and requires no credit check or deposit — here’s how OnePay’s Builder Card actually works
Most credit-building cards come with a catch; secured cards want a deposit upfront and subprime cards pile on annual fees and interest rates north of...
The SAVE student loan plan is dead and the Repayment Assistance Plan launches July 1 — 7.5 million borrowers have 90 days to pick a new plan or get auto-enrolled
For nearly two years, roughly 7.5 million federal student loan borrowers have been stuck in limbo. Their repayment plan, SAVE, was blocked by courts in...
The Credit Card Competition Act has bipartisan backing and Trump’s public support — but banks say it would kill your rewards
If you earn cash back, airline miles, or hotel points every time you swipe a credit card, a bill moving through Congress right now could...
A credit card startup just applied to become a national bank for the first time in 20 years — and it only serves people with bad credit
Mission Lane has spent the past eight years issuing unsecured credit cards to people most banks won’t touch. Now the Richmond, Virginia-based fintech wants to...
Student loan wage garnishments are back after a 5-year pause — 15% of your paycheck if you’re in default
When Keisha Moore, a 34-year-old medical billing clerk in Memphis, opened her pay stub in late April 2026, she found $390 missing. No court date,...
The SAVE plan is officially dead and a new repayment plan launches July 1 — what borrowers in their 20s need to do in the next 70 days
About 70 days from now, on July 1, 2026, a brand-new federal student loan repayment plan goes live. For millions of borrowers in their 20s...
Check fraud now accounts for 30% of all U.S. fraud losses — one group tried to cash a $27 million Treasury check
Federal prosecutors unsealed charges against 16 people accused of running two separate check fraud operations that collectively touched more than $64 million in stolen or...