Bank of America has announced that it will no longer charge overdraft fees to customer’s who overdraw their account by less than $10 and will give them five days to correct the balance in their account before finally being charged an overdraft fee. There is also a limit on the number of overdraft fees...
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Credit cards are in every pocket or purse of the average American. The ease in making purchases or when an emergency arises can all be easily handled by credit cards. However, despite the fact that practically every American own at the very least one credit card there are some issues that arise for card...
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The FDIC is seeking advancement on the next three years worth of insurance premiums from banks in order to help the FDIC fund, which has been stressed to the max by an overwhelming amount of bank failures. The FDIC fund has dropped from $45 billion to $10 billion while trying to keep up with...
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Many companies on Wall Street were given a piece of the bailout pie in order to keep them from sinking and dragging down the economy with as they went but a great deal of backlash came when the tax payer money that was sent to Wall Street was used for bonuses of the executives...
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The House voted on and passed a bill that would do away with private lenders in the student loan business and put the government in the driver’s seat. The bill if passed by the senate would end subsidies for private lenders and would increase Pell grants for needy students, along with other changes to...
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