ConsumersUnion
Why All of Us May Have to Pay for B of A's $5 Debit Card Fee
11:30AM 10/05/2011
Goldman Sachs , Bank of America, Citigroup, Wells Fargo & Co, Banking
Last week, Bank of America ignited a firestorm of controversy by choosing to charge its customers $5 a month to use their debit cards. Now, an angry consumer group has called for a federal investigation. Is this overkill or a smart response to what could be a budding disaster for the bank -- and taxpayers?
As we told you earlier, the Federal Reserve just announced it would begin reigning in the scourge of debit-card users nationwide: overdraft charges. The good news is that the new ruling will prohibit banks from foisting this so-called protection on customers automatically; instead, consumers will...
Exclusive: Web watchdog site shut down by Consumers Union
4:30PM 6/09/2009
Consumer Reports WebWatch, a well-known watchdog site that detailed web-based scams and schemes and worked to educate consumers about online perils, is being shut down by its parent, Consumers Union, Walletpop,com has learned. WebWatch started eight years ago, and in its early years it was a...
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