State of Minnesota Law on Joint Accounts Clarified, but Still in Doubt
About a year and a half ago, I wrote about Judge Frank’s decision that Minnesotans may sue when a debt collector garnishes funds in a joint bank account. After a lot more litigation, pieces of that...
View ArticleBig Banks May Be Doomed
Big banks “routinely treat their customers like shit, offer terrible services, and use inscrutable fee schedules to make billions of dollars per year from worthless fees alone,” according to Ramit...
View ArticleBig Banks Targeting Consumers for Overdraft Fees
http://www.flickr.com/photos/thunderchild5/379935848/Hot on the heels of yesterday’s post about how big banks are digging their own graves with their incessant nickel-and-diming and bad service comes...
View ArticleBanks Plan to Charge a Monthly Fee to Use a Debit Card
As of October 1st, banks will be able to charge only 21¢ per transaction for debit cards, due to the Dodd-Frank Act’s Durbin Amendment. That’s a completely reasonable charge for sending a few bits of...
View Article#OccupyWallStreet is “Angry at the Right People”
At first I doubted the ability of Occupy Wall Street to stay the course. Three weeks later, the occupiers are still on Wall Street, and new occupations are popping up across the country. This is a real...
View ArticleFAQ: What Banks Do with Your Money
Did you ever wonder why banks are wiling to safeguard your hard-earned cash, often for free, or even at interest? After all, it costs the bank money to have tellers and branches and the infrastructure...
View ArticleWells Fargo and US Bank Are Payday Lenders, Other Big Banks Finance Payday Loans
The same banks that used to make—or finance—the subprime loans that sent the world economy into a nosedive are now making and financing payday loans. Now they just use TARP funds and cheap loans from...
View ArticleWells Fargo Finally Adds Mobile Payments to its Horrible iOS and Android Apps
Wells Fargo has finally added mobile deposits to its piss-poor app for iOS and Android. On the one hand, this is awesome. Making deposits using the camera on your iPhone or Android phone is way more...
View ArticleHow to Use GameStop as a Bank
Transcription: Does anyone else use Gamestop as a bank? I got really pissed off with US Bank because I kept overdrafting my account even though I opted out, and the same thing happened with my credit...
View ArticleNot Having a Bank Account is Expensive
“Poverty is expensive, even for those who aren’t debt-laden. The average family earning $25,000 a year but without a bank account spends about $2,400 a year — more than it spends on food — on financial...
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