Remove consumer-tools prepaid-cards
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BIN Checker: Understanding Bank Identification Numbers

Payment Savvy

A Bank Identification Number (BIN) is the first four or six numbers found on any debit or credit card. Essentially, this set of digits specifies the financial institution that issued a payment card. Every BIN number can be checked to prevent fraud and ensure the protection of both merchants and consumers when shopping.

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Bluebird Prepaid Card Review

Nerd Wallet

Bluebird, offered by American Express, is an FDIC-insured prepaid debit card with virtually no fees. It functions almost like a checking account, making it a useful substitute for consumers who don’t have a bank account. Even if you have a bank account, Bluebird’s family-friendly money management tools may be appealing.

Banks 56
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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

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Governor Pritzker Signs Illinois Banking Development Districts Act

Collection Industry News

The Illinois Department of Financial and Professional Regulation will evaluate these plans in consultation with the Illinois State Treasurer and approve plans that create consumer friendly bank options in underserved areas. The number of bank branch closures has increased significantly since the onset of the COVID-19 pandemic.

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What Is A “Junk Fee?” CFPB’s Inquiry Sparks Industry Backlash

Collection Industry News

The Consumer Financial Protection Bureau’s Director Rohit Chopra raised hackles by launching a broad inquiry last week into so-called “junk fees” charged on run-of-the-mill financial products such as loans, mortgages and credit cards. Existing consumer protection laws, including the 1968 Truth in Lending Act, already regulate fees.

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CFPB Issues First Complaint Snapshot Under Kraninger

Consumer Financial Services Law

A practice started by Cordray in 2015, the report is a high level snapshot of trends in consumer complaints and provides a summary of the volume of complaints by product category and by state. The most common issue identified by consumers between August and October 2018 was trouble during the payment process. NATIONAL OUTLOOK.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.