Consumer banking

February 11, 2018 - 7:58 pm
NEW YORK (AP) — Wells Fargo has made missteps in its efforts to make amends to customers who were forced to buy unneeded auto insurance. Bank spokeswoman Catherine Pulley said 38,000 customers received a letter they did not need and that contained no refund. She said the error was due to a coding...
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In this Friday, Feb. 2, 2018, photo released by the Crime Suppression Division of the Thailand Police, Sergey Medvedev, 31, center, is arrested outside an apartment in his role in an international identity theft ring that sold stolen credit card information on the dark web, leading to losses of over $530 million. (Crime Suppression Division of the Thailand via AP)
February 09, 2018 - 8:58 am
BANGKOK (AP) — Police in Thailand announced Friday they have arrested a Russian national accused by U.S. authorities of running an online cybercrime marketplace where everything from stolen credit card information to hardware for compromising ATM machines could be purchased. Police said that Sergey...
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January 30, 2018 - 9:59 am
NEW YORK (AP) — In a story Jan. 29 about American Express CEO Kenneth Chenault, The Associated Press erroneously identified the Fortune 500 drug company that is led by a black CEO. Merck & Co., not Pfizer, has a black CEO. A corrected version of the story is below: Chenault dealt with crises,...
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Jacob Lerma looks at the bare studs inside his home, which was damaged by floodwaters from Hurricane Harvey, Monday, Jan. 22, 2018, in Friendswood, Texas. Five months after Hurricane Harvey damaged thousands of houses in Texas, financial difficulties many homeowners still face as they work to rebuild has created a spike in missed mortgage payments. (AP Photo/David J. Phillip)
January 27, 2018 - 10:56 am
FRIENDSWOOD, Texas (AP) — As Jacob Lerma surveyed the skeletal beams of his suburban Houston home that was flooded during Hurricane Harvey, he kept muttering three words as he wondered if his family would ever be able to move back in: "I don't know." Like many Texans whose homes were flooded during...
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December 02, 2017 - 6:51 pm
The technology publication Recode is reporting that Visa fired a high-profile executive for behavior that "violated" the credit card company's policy. Recode reported that Jim McCarthy's departure was announced in an internal memo Friday. As executive vice president of innovation and strategic...
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A boy looks over a Black Friday sale item at a J.C. Penney store, Friday, Nov. 24, 2017, in Seattle. Black Friday has morphed from a single day when people got up early to score doorbusters into a whole season of deals, so shoppers may feel less need to be out. (AP Photo/Elaine Thompson)
November 24, 2017 - 6:41 pm
NEW YORK (AP) — The Latest on Black Friday (all times local): 6:30 p.m.: Macy's says it has "fully resolved" problems on Black Friday related to its processing some gift and credit cards. The chain blamed the glitch on "overcapacity" that caused some transactions to take longer to process. It says...
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FILE - In this Wednesday, Nov. 27, 2013, file photo, a travel-themed backdrop stands behind a rental car check-in counter as a customer rents a car at Hartsfield–Jackson Atlanta International Airport, in Atlanta. Your credit card may provide important protections if you get in an accident in a rental car. Find out what it covers before the insurance hard sell at the rental counter. (AP Photo/David Goldman, File)
November 02, 2017 - 10:07 am
It's the hard sell at the car rental counter that everyone knows is coming but few know how to handle: rental car coverage. You might recall that your credit card provides some type of free protection for rental cars. That's probably true, and it can be valuable. But you have to know what coverage...
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Secretary of State Rex Tillerson listens as President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, Nov. 1, 2017, in Washington. (AP Photo/Evan Vucci)
November 01, 2017 - 5:38 pm
WASHINGTON (AP) — President Donald Trump on Wednesday signed the repeal of a banking rule that would have allowed consumers to join together to sue their bank or credit card company to resolve financial disputes. The president signed the measure at the White House in private. Journalists were not...
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November 01, 2017 - 12:58 pm
ATLANTA (AP) — The New York City bike path attack had been carried out with a pickup truck that home contractors or do-it-yourself handymen can get with no background check and little worry it will raise red flags among law enforcement. All it takes is a driver's license, a valid credit card and...
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Vice President Mike Pence speaks on tax reform at the American Enterprise Institute, Tuesday, Oct. 24, 2017, in Washington. (AP Photo/Andrew Harnik)
October 25, 2017 - 4:16 am
WASHINGTON (AP) — In a further rollback of Obama-era regulations, the Republican-led Senate voted narrowly to repeal a banking rule that would have allowed consumers to join together to sue their bank or credit card company to resolve financial disputes. Vice President Mike Pence cast the final...
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