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News

2016

September

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  • After Wells Fargo, can you trust your bank?. The scheme at the nation’s largest retail bank hits closer to home for some consumers in part because it wasn’t executed by sophisticated cybercriminals, but by everyday branch-level workers. Employees opened sham credit card and deposit accounts…
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  • The banks you gripe most about. Regions Financial (RF) ranks as the most complained against regional bank and Comerica (CMA) gets the most gripes among diversified banks relative to the value of their total deposit bases, according to a USA TODAY analysis…
  • How to handle debt that has 'expired'. When a debt is older than the statute of limitations, it’s called time-barred debt. That means creditors don’t have a legal right to sue you — though debt collectors may still try. They also can continue to pursue…
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  • Thanks, Wells Fargo, for being such a bunch of weasels. Thanks to you [Wells Fargo], legislation aimed at killing the Dodd-Frank Wall Street Reform and Consumer Protection Act is now on life support. The bill’s proponents still insist that banks be freed from burdensome regulations.…
  • Next Administration should probe, maybe jail, Wall Street bankers. Massachusetts Senator Elizabeth Warren is marking the eighth anniversary of Lehman Brothers’ bankruptcy with a new push to investigate—and potentially jail—more than two dozen individuals and corporations who were referred to the Justice Department for…
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  • Credit card agreements: Profiles in gibberish. Go ahead and admit it: You don’t read your credit card agreements. You probably can’t even remember the last time you picked your way through the entirety of one of those single-spaced, dripping-with-legalese contracts.
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  • Think Wells Fargo ripped you off? Here's what to do. The $185 million that Wells Fargo agreed to pay Thursday to settle government allegations over its overbearing sales practices is one big figure.  But an equally staggering sum is the more than 2 million accounts that Wells…
  • 7 of 10 Americans plan to work in retirement. When it comes to retirement, a whopping 75 percent of Americans say they plan to work “as long as possible” in retirement, according to a new report from Bankrate.com. And for many of them, it’s…
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