Bank: Don’t use credit, debit cards in Chicago taxis

March 3, 2014 Bob Sullivan 1

This is sure to raise alarm with consumers.  First American Bank in Illinois issued a warning to consumers on Friday, telling them to stop swiping their credit cards in Chicago taxis. The banks says in a notice on its Website that a system which processes back-seat plastic card transaction for […]

Finally: Feds say credit scores should be free to all

February 27, 2014 Bob Sullivan 0

A high-ranking government official is urging banks to give consumers a free, regular peek at their credit score, a step that could revolutionize the relationship that Americans have with their credit.  It’s time that happened. Today, many consumers confuse credit reports and credit scores, and are equally confused about what […]

ITT Tech tricked students into high-interest loans, feds allege

February 26, 2014 Bob Sullivan 1

A private, for profit college chain expected most of its students wouldn’t finish their degrees, and nearly two-thirds would default on loans, allowing the school to keep millions in federal tuition aid while charging students 16 percent  interest, a federal watchdog alleged Thursday. “(It’s) like financing your college education on […]

1 98 99 100 101 102 120