State and federal regulatory bodies have been cracking down on unfair or even deceptive lending practices from financial institutions for some time now, and the state of California recently became the latest to level charges against a credit card issuer. California Attorney General Kamala Harris recently announced that the state filed a suit against JPMorgan Chase alleging that it engaged… Read More
Imagine a world in which you can walk into a bank branch and walk out with your very own debit card, complete with all the safety features of a debit card that normally takes days to arrive in the mail. That’s what the innovators at Chase did, and the result is coming to a bank… Read More
Chase’s prepaid debit card Liquid, unveiled back in May, is now available in the bank’s branches nationwide. The move is likely to put some pressure on existing prepaid providers since, in many respects, Liquid is the best of its breed. Here’s why. Prepaid providers have long maintained their payment method is cheaper than traditional banking accounts… Read More
After a $25-million lobbying campaign in 2005 by Bank of America, Citigroup, JP Morgan & Chase and Washington Mutual, Congress passed a law forcing people to continue paying their credit card debt even after they file for bankruptcy.