Lifestyle

Private Jet Companies Test New Pricing Models To Attract The Rich

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Learjet_31A.JPG”] Private jet companies have started offering services apart from the traditional model of fractional ownership in order to entice customers, David Kesmodel reports for The Wall Street Journal.In recent years, the fractional ownership model, which requires travellers to own stakes in the planes they use, has suffered […]
Private Jet Companies Test New Pricing Models To Attract The Rich
Markets

4 Places Where You Don’t Want To Swipe Your Debit Card

[credit provider=”russelljsmith” url=”http://www.flickr.com/photos/russelljsmith/7003489/sizes/m/in/photostream/”] Would you give a thief direct access to your checking account? No? Unfortunately, you may be doing just that by regularly using your debit card. Debit cards may look identical to credit cards, but there’s one key difference. With credit cards, users who spot fraudulent charges on […]
4 Places Where You Don’t Want To Swipe Your Debit Card
Markets

The 10 Biggest Banking Trends You Can Expect To See In 2012

[credit provider=”Daniel Goodman / Business Insider”] If you thought it was tough to be a bank customer in 2011, you better buckle up tight in the new year.We picked the brains of NerdWallet marketing VP Anisha Sekar to find out what the whizzes behind the personal finance site predict banking […]
The 10 Biggest Banking Trends You Can Expect To See In 2012
Markets

PRESENTING: The 11 Biggest Financial Screw-Ups Of 2011

[credit provider=”Photoshop by Business Insider”] There’s no denying it. It’s definitely been a year of disappointments and failures on Wall Street and throughout the financial universe.From major lawsuits, to massive financial losses and widespread anti-corporate protests, 2011 will probably go down in Wall Street history as a year everyone would […]
PRESENTING: The 11 Biggest Financial Screw-Ups Of 2011
Markets

All Of Those Bank Fees That Never Came To Be

[credit provider=”Brian Katt via Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Bank_highlander.jpg”] On October 1st, the Durbin Act took effect, capping interchange fees, or the charge financial institutions can levy against merchants for running purchases made with a debit or credit card.The nation’s largest banks stand to lose $8 billion in annual revenue, according to […]
All Of Those Bank Fees That Never Came To Be
Markets

Now Bank Of America Is Charging The Unemployed Fees To Use Their Prepaid Benefits Card

[credit provider=”MoneyBlogNewz” url=”http://www.flickr.com/photos/moneyblognewz/5264722278/sizes/m/in/photostream/”] Unemployment is one thing, but getting charged to use the prepaid card your weekly benefits are on is another.Just ask Shawana Busby, the out-of-work resident in South Carolina at the centre of Janell Ross’ Huffington Post write-up about Bank of America’s latest indiscretion: charging the unemployed for […]
Now Bank Of America Is Charging The Unemployed Fees To Use Their Prepaid Benefits Card
Markets

If You Had A Bank Of America Account In The Past 10 Years, You May Get A Check In The Mail

[credit provider=”The Consumerist / Flickr” url=”http://www.flickr.com/photos/consumerist/2188069198/”] MIAMI (AP) — A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade.Senior U.S. District Judge James Lawrence King […]
If You Had A Bank Of America Account In The Past 10 Years, You May Get A Check In The Mail
Markets

Banks Could Have Pocketed $875M From Botched Debit Fees

[credit provider=”AP”] Banks could have made up to $875 million a month off of their now-dead debit card fees, according to an analysis from Market Rates Insight.The projections are based off of each of the 175 million U.S. adults with bank accounts paying a monthly $5 fee, the amount Bank […]
Banks Could Have Pocketed $875M From Botched Debit Fees
Markets

Bank Of America Is Tone Deaf To Its Customers

[credit provider=”The Consumerist / Flickr” url=”http://www.flickr.com/photos/consumerist/2188069198/”] You would think that savvy, sophisticated companies would have an easy time figuring out whether a move they are considering would blow up on them, wouldn’t you? And yet, in the last few weeks we’ve seen some amazing examples of firms that seem to […]
Bank Of America Is Tone Deaf To Its Customers
Markets

Meet The 22-Year-Old Who Made Bank Of America Drop Its Debit Fees

[credit provider=”iStockphoto/YouTube” url=”http://www.thefiscaltimes.com/Articles/2011/11/01/The-22-Year-Old-Who-Made-BofA-Ax-Debit-Fees.aspx#page1″] She’s 22, doesn’t have a full-time job, and couldn’t afford the $60 annual fee that Bank of America wanted to charge its debit-card customers who didn’t hold BofA mortgages or have deposits of $20,000 or more in the bank – so she started a revolution.On Tuesday, after […]
Meet The 22-Year-Old Who Made Bank Of America Drop Its Debit Fees