Archive for the 'Banking' Category

Bank of America will help customers avoid overdrawing accounts

Changes Enhance Control, Choice and Clarity for Customers As part of its commitment to provide more control, choice and clarity for its customers, Bank of America announced that beginning this summer it will only authorize single debit card transactions at the point of sale if a customer has enough money in their account at the [...]

5 super easy financial resolutions

Each year starts with lofty goals, but resolutions are hard to keep. Rather than attempt a lifestyle change overnight, set small, attainable goals. Here, SmartyPig  offers five super easy resolutions anyone can use to put finances on track: Know your credit score Good credit is the foundation for achieving financial goals. It’s crucial to stay [...]

Credit card issuers use loopholes to bypass new rules intended to Curb Abuses

Credit card companies are busy crafting new tricks and traps to bypass both Federal Reserve Board rules and new federal law set to take full effect in late February 2010, a new research report from the Center for Responsible Lending finds. Entitled “Dodging Reform: As Some Credit Card Abuses Are Outlawed, New Ones Proliferate,” the [...]

Banks Still Not Lending, Centric Commercial Finance survey reveals

65% of corporate financial advisers have stated that the ‘the banks are not lending’, according to an independent survey commissioned by Centric Commercial Finance. 72% said that cash flow was proving to be their clients’ biggest challenge. Disappointingly, 56% of respondents claim that banks have removed or are restricting clients’ facilities. Tim Hawkins comments: “The [...]