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AGs Call on Big Banks to End Overdraft Fees

Account Recovery

Compliance Bank of America JPMorgan Chase NSF Fees Overdraft Fees U.S. Bank Wells Fargo

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Bank Settles Collection Call Lawsuit for $3.5M

Account Recovery

A coalition of District Attorneys from across the state of California have reached a settlement with Synchrony Bank that will see the creditor pay $3.5 The company will … The post Bank Settles Collection Call Lawsuit for $3.5M

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Regions Bank Fined for Surprise Overdraft Fees

Account Recovery

In a consent order that was announced yesterday with the Consumer Financial Protection Bureau, Regions Bank has agreed to pay $191 million in fines and restitution after it was accused of charging its customers “illegal surprise” overdraft fees on certain purchases.

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Chopra Sidesteps Appeals Court Ruling in Speech, Announces Plan for Open Banking Rule

Account Recovery

Technology Open Banking Rohit Chopra

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

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JPMorgan, Mastercard Partner on New Pay-by-Bank Service

Account Recovery

JPMorgan Chase and Mastercard have announced a partnership that will enable consumer data to be shared by “trusted” entities and allow consumers to pay bills from their bank account with greater ease and security.

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Bank Regulators Release New Examination Procedures for FDCPA Compliance

Account Recovery

A copy of the revised procedures … The post Bank Regulators Release New Examination Procedures for FDCPA Compliance first appeared on AccountsRecovery.net. The post Bank Regulators Release New Examination Procedures for FDCPA Compliance appeared first on AccountsRecovery.net.

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Why do banks charge fees?

Kasasa

Bank fees might be the single most annoying part of having a checking or savings account. Rewards Banking BankingSometimes they're hidden and sneak up on you, other times they’re blatantly up front, feeling like they're just taunting you.

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Mass. Division of Banks Fines Collector $25k for Role in Pay-to-Play Scandal

Account Recovery

A collection agency’s involvement in a federal pay-to-play scandal has cost it an additional $25,000 after entering into a consent order with the Massachusetts Division of Banks. Compliance Donald Donagher Massachusetts Division of Banks Penn Credit

Banks 207
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9 Best Socially Responsible Banks

Nerd Wallet

When you open an account at a socially responsible bank, your dollars support initiatives to make social and environmental good. As with any bank, money from bank accounts helps fund loans to businesses and home buyers. Banking Banks & Credit Unions

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Rocking the banking world

Kasasa

Rewards Banking BankingAre you passionate about music and media? So are we, and to prove it, have we got an account to satisfy your music cravings.

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What Is Offshore Banking?

Nerd Wallet

Offshore banking is simply another name for opening a bank account outside of your home country. The article What Is Offshore Banking? Banking Banking Basics

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Mass. Division of Banks Fines Companies $10k for Collecting Without Proper License

Account Recovery

Division of Banks Fines Companies $10k for Collecting Without Proper License appeared first on AccountsRecovery.net. Compliance B&B Funding LLC Coastal Financial LLC Consent Order First American Funding LLC First American National LLC Massachusetts Massachusetts Division of Banks

Banks 207
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Setting up your child's first bank account

Kasasa

My Finances Student Finances Rewards Banking BankingWhen the topic of financial literacy pops up, we often think of learning about the ideas of principal, earning interest, and managing money. Those are good lessons to learn and skills to have.

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Judge Grants Judgment for Defendant in FDCPA Case Over Garnishment from Joint Bank Account

Account Recovery

The post Judge Grants Judgment for Defendant in FDCPA Case Over Garnishment from Joint Bank Account appeared first on AccountsRecovery.net.

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CFPB Launches RFI to Improve Customer Service at Big Banks

Account Recovery

yesterday, the Consumer Financial Protection Bureau announced it is seeking input from the public regarding how consumers can “assert their rights” to better the customer service provided by big banks, an area of enforcement that the Bureau has largely left unchecked until now.

Banks 206
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What Is Crypto Banking?

Nerd Wallet

What is crypto banking? Cryptocurrency, or crypto for short, is a digital form of money backed by computer code instead of a central banking. The article What Is Crypto Banking? Banking Banking BasicsThis article provides information for educational purposes.

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What is online banking?

Kasasa

Rewards Banking BankingThe absolute easiest answer is the internet version of managing money through your financial institution. Super obvious, right?

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Best Bank Stocks: January 2023

Nerd Wallet

The article Best Bank Stocks: January 2023 originally appeared on NerdWallet. Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. Investing Investing Strategy

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Fintech trends for the banking industry

Kasasa

Banking has been an essential service for centuries, with only minor changes to its business model over the years. Rewards Banking BankingYou can see the headquarters of financial institutions in busy cityscapes and small branches in the center of communities across the country.

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Is Your Bank Greenwashing? Here’s How to Check

Nerd Wallet

Your bank plays a role in climate change through its lending and other actions. But is your bank making a positive environmental impact? The article Is Your Bank Greenwashing? Banking Banking Basics

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7 Ways to avoid paying unnecessary banking fees

Kasasa

Who loves paying banking fees? If someone asked you which bank fee gives you the most grief, you might think it's those ATM fees for using another bank's money machine. My Finances Rewards Banking Banking

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Change banks in 7 easy steps

Kasasa

Are you underwhelmed by your bank’s customer service, disappointed with its rates and fees, or unimpressed by its online banking tools? Community Impact Rewards Banking

Banks 83
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Is a big bank really more secure?

Kasasa

Big banks definitely want to jump on that bandwagon, using big marketing budgets to convince consumers like you that their brand is not just bigger, but better and more secure than a community bank or credit union, but that’s not quite true. Community Impact Banking

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Best Online Banks of 2021

Nerd Wallet

The article Best Online Banks of 2021 originally appeared on NerdWallet. Banking Banks & Credit Unions

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Mobile banking security tips: Is your information safe?

Kasasa

Rewards Banking BankingYou love the convenience of mobile money apps, but how much of your information is actually protected? Mobile and online security remain hot topics due to news of data breaches , and each new report reminds you to take mobile safety into your own hands.

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What Is a Bank?

Nerd Wallet

A bank is a financial institution with a license to hold and lend money. The article What Is a Bank? Banking Banking BasicsThis article provides information for educational purposes.

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Community banks and credit unions: How banking locally supports your city or town

Kasasa

As you drive around town running errands — picking up a few must-haves for dinner at the grocery store, shuttling the kids to soccer practice, or dropping off a prescription at the pharmacy — you likely drive past a community bank or credit union in your neighborhood.

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What is the best bank to use?

Kasasa

Sustainable Banking Bank LocalYou put a lot of thought into where you shop. Maybe you’re a hole-in-the-wall boutique kind of person, or the type that knows exactly when to hit which malls or big box stores to snag the best deals.

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Community banking: What does it mean to bank local?

Kasasa

Where's the nearest bank or credit union to you? Community Sustainable Banking Bank Local

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Avoid 5 Banking Mistakes to Earn More Interest, Pay Less in Fees

Nerd Wallet

The article Avoid 5 Banking Mistakes to Earn More Interest, Pay Less in Fees originally appeared on NerdWallet. Banking Banking BasicsRuth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com.

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Why do banks put a hold on checks?

Kasasa

You call your bank or log in to your mobile banking only to find out that your financial institution has placed a hold on your check. Rewards Banking Banking

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Does Closing a Bank Account Affect Your Credit?

Nerd Wallet

Ready to close a bank account but worried you could ding your credit score? By taking a few simple steps and practicing good banking habits, you can avoid having your credit affected by a bank account closure. Generally, closing a bank account doesn’t affect your credit The.

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Synchrony Bank CD Rates: How They Compare

Nerd Wallet

The bank also offers two. The article Synchrony Bank CD Rates: How They Compare originally appeared on NerdWallet. Banking CDs

Banks 83
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Chopra in Center of Dispute Brewing at Federal Bank Regulator

Account Recovery

” Like many regulators, the FDIC is run by a … The post Chopra in Center of Dispute Brewing at Federal Bank Regulator appeared first on AccountsRecovery.net. An interesting battle is brewing between the Consumer Financial Protection Bureau and the Federal Deposit Insurance Corp.

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