Goldman Sachs agrees to pay more than $5 billion for sale of risky mortgages
Photo: Quantumquark Goldman Sachs will pay $5.06 billion due to the bank’s deceptive practices leading up to the financial crisis […]
Banks
Credit unions offer better services to consumers than banks, survey shows
Credit unions are more than twice as likely as banks to offer free checking accounts to new customers, according to
Most consumers successful when they ask for reduced credit card rates and to get late fees waived
Eighty-nine percent of consumers who have credit cards that asked for a late fee waiver had their request granted and
Credit card debt rises sharply during 2015 holiday season
America’s end-of-year spending and payment results are in, and consumers did worse than expected. They racked up $52.4 billion in
Federal agency takes action against company for false statements about data security
The Consumer Financial Protection Bureau took action Wednesday against online payment platform Dwolla for deceiving consumers about its data security
Top stories on this blog for 2015
It’s rewarding to be able to reach so many readers with consumer news through blogging. I’ve just passed the
Baby boomer bloggers write about Valentine’s Day and finances
It’s been a busy week here as a consumer journalist. Thursday I wrote about Moneygram agreeing to pay $13 million
Morgan Stanley to pay $3.2 billion to settle charges over mortgage securities fraud that led to 2008 financial crisis
Photo: Jenix89 Morgan Stanley will pay a $2.6 billion penalty to resolve federal claims over its sale of residential mortgage-backed
Feds take steps to improve access to checking accounts
The Consumer Financial Protection Bureau is taking steps to improve checking account access because the bureau is concerned that consumers