Congress is considering two bills that would restrict the fees and penalties credit card companies can charge consumers.

The House bill, authored by New York Democrat Carolyn Maloney, was approved by the House Financial Services Committee on Wednesday. It now  goes to the House floor for debate.
The Senate bill, regarded as one with tougher terms, was written by […]

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Bank of America is offering enrolled customers the chance to earn up to 20% cash back on their purchases at more than 270 online retailers. The new Add It Up program can be combined with other BofA promotions, including Keep the Change, which places change from the dollar on check card purchases into savings accounts, and BankAmericard […]

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An estimated 440 banks concede  their customers are possible victims of a massive data breach. according to new data from BankInfoSecurity.com. But not all of those institutions have taken action to protect their consumers, frustrating watchdogs like the New York State Consumer Protection Board.
Heartland Payment Systems, the nation’s sixth-largest processor for Visa, MasterCard, American Express and Discover Card transactions, […]

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Institution Name

Location

Date

Security Pacific Bank

San Diego, Ca

11/7/2008

Franklin Bank, Ssb

Houston, Tx

11/7/2008

Freedom Bank

Bradenton, Fl

10/31/2008

Alpha Bank & Trust

Alpharetta, Ga

10/24/2008

Main Street Bank

Northville, Mi

10/10/2008

Meridian Bank

Eldred, Il

10/10/2008

Washington Mutual Bank

Henderson, Nv

9/25/2008

Ameribank, Inc.

Northfork, Wv […]

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Jobs are scarce, money is short and the average consumer is struggling to control anger and fear. In the words of former Talking Head David Byrne:”You may ask yourself–well…how did I get here?”

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