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Tag Archives: credit cards

Feds order Discover to refund $200M to cardholders

WASHINGTON — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring. Discover, the sixth-biggest U.S. credit card issuer, will pay ...

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Colleges’ bank deals saddle students with big fees

WASHINGTON — A public interest group says as many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to access students’ financial aid money. The U.S. Public Interest Research Group Higher Education Fund ...

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Bumpy earnings season ahead for banks

NEW YORK  — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on ...

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Consumers getting more cautious on credit

WASHINGTON — Americans borrowed more in September to buy cars and attend college, but they charged less to their credit cards for a third straight month. The figures suggest that consumers are growing more cautious about taking on high-interest debt ...

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