article thumbnail

CFPB releases report on college credit card agreements, student account toolkit and warning letters

CFPB Monitor

Earlier this week, the CFPB released its sixth annual report on college credit card agreements, together with a new toolkit for schools to use when considering potential co-sponsorships of financial accounts, such as prepaid or checking accounts. The annual report is required by the CARD Act. Warning Letters.

Cards 60
article thumbnail

The Big Spike In ‘CEO Fraud’

PYMNTS

That’s an unfortunate but in some ways impressive record, considering that most BEC/EAC fraud relies on what the FBI referred to as “the oldest trick in the con artist’s handbook: deception.”. And while the BEC is not the most common form scam, it is a lucrative one.

Fraud 253
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFPB proposes Regulation Z changes to address discontinuation of LIBOR index; Ballard Spahr to hold July 14 webinar

CFPB Monitor

The CFPB has proposed amendments to Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. The updated handbook is discussed in a separate blog post.

article thumbnail

Personal Loan Offers With Zero Processing Fee

BankBazaar

Additional Reading: Personal Loan Handbook: All Questions Answered. You should have a valid ID proof like passport, pan card, driving license, voter ID card, and photo ration card. Check them out! Tata Capital Personal Loan. Interest Range: 11.25%-14.49%. Features: Avail loans up to Rs.

Handbook 128
article thumbnail

What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS

If there was a handbook for how to become a successful fraudster, the first sentence of the first chapter would go something like this: “Go where the money is.”. The Ingo app lets consumers take a picture of a check and get instant, irrevocable access to those funds instead of standing in line at their bank or check casher.

Fraud 162
article thumbnail

Tips For Teenagers To Start Early And Build A Solid Financial Foundation

BankBazaar

Sadly, very few kids are aware of long-term benefits of saving and the benefits of using a Credit Card. Additional Reading : Incorporating Your Credit Card Into Your Budget. Additional Reading : Financial Aptitude Handbook For Young Adults. Budgeting and credit building are concepts that last long into adulthood.

article thumbnail

How To Clean Up Your Credit

BankBazaar

While money experts and handbooks can’t stress enough about the importance of staying debt-free your entire life, it’s perhaps an impractical goal to aim for unless you have millions stashed away. A good Credit Score has more going in your favour than you think: It boosts your chances of approval when you apply for a loan or a Credit Card.

How To 60