When you bank online, you trust that your account is safe from hackers. Even so, online accounts can seem to consumers like easy targets: Instead of robbing a bank, a criminal could simply whisk away ...
Bank of America, the second-largest bank in the United States, was fined $150 million by the Consumer Financial Protection Bureau back in July for engaging in “deceptive practices.” The bank charged ...
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Do online banks offer financial security?
Federally insured online banks usually carry the same FDIC insurance as traditional banks. Because they don't carry the operating expenses of traditional banks, online banks can offer more competitive ...
David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...
The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups. By Rob Copeland If it looks ...
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