When Matthew Burr finished his master's degree in 2011, he figured he owed about $50,000. But he was in for a surprise. "The number was almost $15,000 more than I'd previously estimated," he remembers.
Payments to 4.2 Million Borrowers Covered by Foreclosure Agreement to Begin April 12 WASHINGTON — Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board w
When I lived in a studio apartment with no closets after college, I got really good at finding inventive ways to stash unsightly stuff like drain cleaner and dirty laundry out of sight. Maybe I should have looked to banks for inspiration. A financial trade publication recently conducted a case study of a direct-mail marketing brochure that included a “coupon” offering new account holders a $150 sign-up bonus. It says: “Probably the best feature of the entire mail piece and the factor that makes the coupon ideal: it covers up all the disclaimer copy.
Prepaid debit cards may offer a convenient alternative for unbanked consumers, but there are often unexpected costs buried in all the fine print of the cards’ disclosure documents that most people never read. It doesn’t need to be that way.
From mandatory-arbitration clauses that waive jury trials to fees on empty envelopes and cash deposits, your bank is keeping disclosures tied to your checking accounts heavily cloaked in fine print and sometimes not in any print at all.