- Online lending sites offer alternative to traditional borrowing. Traditionally, consumers who wanted to consolidate loans or credit card debt, or borrow for a vacation or a wedding, had two basic choices: Visit a local bank for a personal loan, or use another credit…
- Apple Pay signals new era at cash register. Not a single purchase has been made with Apple’s new payment system, Apple Pay, which will allow people to pay for everyday goods with their smartphone. But the service already has the technology industry scrambling…
- You can track the billions drug companies pay doctors and hospitals. For the first time Tuesday afternoon, there's new sunshine on the financial ties between drug and device companies and the doctors and teaching hospitals they target to use their products. Thanks to a bipartisan transparency…
- Consumer Action INSIDER - October 2014. This month's edition of INSIDER brings you stories about proposals to improve consumer protections for servicemembers, what to do when an ATM does not dispense cash but says it did, using online tools to improve financial security, a campaign to improve public information from complaints to the Consumer Financial Protection Bureau and more.
- Bank fined for mortgage-processing failures. Michigan-based Flagstar Bank was ordered to pay $37.5 million in consumer relief and fines Monday in the first enforcement action involving violations of federal regulations designed to help struggling borrowers' efforts to save their homes…
- Consumer debt hits all-time high. For many American households, the recession was a time to pay off debt and get their finances in order—whether they wanted to or not. But according to the latest data from the Federal Reserve’s Flow…
- What to do if your wages are garnished. To avoid being hit, call your creditor or the firm collecting the debt and try to negotiate a payment plan, said Robert Hobbs, senior fellow at the National Consumer Law Center. Explain the details of…
- Scammers are out to get our money. Let’s band together to stop them.. AARP’s Fraud Watch Network lets you sign up to get scam alerts — and share warnings.
- Is the college bubble about to burst?. Getting into the right college is more stressful and competitive than ever before.
- What should you do when your 401(k) match is terrible?. You could stick with the 401(k) and enjoy the tax benefits and ease of use. Or move your investment into an IRA. Here’s a guide to help you decide.
- Love them or loathe them, reverse mortgages have a place. Executives from reverse mortgage companies know plenty about consumers’ feelings around inheritance. After all, they’re in the business of encouraging older Americans to drain equity now from homes they may pass on to their heirs…
- New Military Lending Act rules will protect troops from predatory lending. Consumer Action, a strong advocate of reforms to protect consumers and their families, applauds the updated Military Lending Act rules.
- Which to pay off first: credit cards or student loans?. Dear Liz: I have $8,000 in savings. Should I use it to pay the accrued interest on federal student loans that go into repayment soon? Or should I pay credit card debts of $662 at…
- Seniors' rooftop retirement expenses. Debunking the myth that you should always wait into your golden years to pay off your mortgage.
- Why a U.S. bank may owe you money. The Minneapolis-based bank agreed on Thursday to pay out $48 million to more than 420,000 customers who were billed for identity theft protection services that they never fully received.
- Sell your used car, no dealer necessary. A variety of start-ups like Carlypso and CarLotz are emerging, aiming to make it easier and more lucrative for car owners to sell their vehicles privately.
- Could prized-linked savings accounts convince you to save?. A new type of savings account offers a lottery-style thrill of potential cash.
- Gen Xers make more money than their parents did. So why don’t they have more wealth?. A study finds that Gen Xers lag behind their parents economically.
- The pay gap between CEOs and workers is much worse than you realize. Americans might think they know how bad inequality is, but it turns out they have no idea.
- Miss a payment? Good luck moving that car. Subprime lenders are increasingly relying on technology that allows them to track and disable delinquent borrowers’ vehicles with just a tap of a cellphone app.