Overdraft by the Numbers
Overdraft is an issue for a small group of consumers who incur a disproportionately high number of overdrafts, but are also most likely to opt into the service....
Tag: CFPB
Banks Pay Colleges $62M for Issuing Credit Cards to Students, BofA Leads the Way
College organizations were paid $62M for the issuance of credit cards to students by 21 issuers in 2011; $44.7M of that was paid by a BofA subsidiary....
On CFPB’s General Lawlessness
While the CFPB did launch itself into some dubious projects, like its attempt to simplify credit card agreements, overall it has so far performed quite well....
Credit Cards for All, Stay-at-Home Spouse Edition
Stay-at-home moms can very easily get a credit card through joint applications with their spouses, so there is no need to amend the CARD Act....
You’ve Been Signed up for a Credit Card Program You’ve Never Heard Of
Add-on credit card programs like credit monitoring and payment plan protection are often marketed in deceptive or fraudulent ways and should be banned....