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Michaels stores hit by debit card fraud

May 13, 2011
The fraud across 20 states highlights how debit cards are more vulnerable to fraud and financial loss than credit cards.
Posted In: Banks

Consumer bureau to be run by committee

May 4, 2011
A House committee today voted to change the structure of the Consumer Financial Protection Bureau, so it's run by a committee instead of one person.
Posted In: Banks

U.S. goes to court over Deutsche Bank home loans

May 3, 2011
The Justice Department has sued Deutsche Bank over allegations that the bank repeatedly committed mortgage fraud. Courtney Comstock with Business Insider explains.
Posted In: Banks

Swipe fee fight bristling with lobbyists

May 3, 2011
As Congress comes back next week, the issue with the most lobbyists isn't the deficit -- it's the battle against debit card swipe fees.
Posted In: Banks

Read the fine print--not

Apr 27, 2011
Favorite number of the week: 111 pages is the median length of the checking account disclosures consumers are supposed to read and understand...
Posted In: Banks

Do you know what bank fees you're paying?

Apr 15, 2011
Tess Vigeland talks to Reuters personal finance columnist Mitch Lipka about the challenge consumers face when trying to find out about potential fees related to bank accounts.
Posted In: Banks

Bank of America profits plummet

Apr 15, 2011
The largest bank in the country, Bank of America, announced a 37 percent drop in earnings this quarter due in part to bad mortgages.
Posted In: Banks

Levin says Goldman Sachs misled Congress

Apr 14, 2011
The Senate panel investigating the cause of the financial crisis has released a report today containing new information on what lead up to the banking collapse. Senator Carl Levin is now calling for an investigation into Goldman Sachs for misleading Congressional investigators.
Posted In: Banks

Challenges belie JPMorgan Chase's profit

Apr 13, 2011
Investment banking and credit quality improved, but hits to JPMorgan Chase's bread-and-butter bank operations reflect a sluggish economy.
Posted In: Banks

JPMorgan Chase kicks off bank earnings

Apr 13, 2011
Banks have been cleaning up their bad loans, but profit growth will depend on the new loans they make.
Posted In: Banks

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