Credit Cards
Amex's $350 Million Fine Is About 10 Days of Profit. The Orders Go Further
While suspect money moved through its cards for about 11 years, American Express's bank aimed its money-laundering risk assessment at a small deposit business. Now an outside consultant must re-examine its past suspicious-activity reporting, a review the OCC can widen, though regulators imposed no asset cap.
Why a Pending Charge Can Vanish, Then Come Back as a New One
The charge shows up Tuesday morning, vanishes by Tuesday night, and reappears Wednesday looking brand new. Nobody touched the account in between.
Why Your Card's 'Pending' Charge Is Never the Final Amount
A gas station can hold up to $175 on your card before you've filled the tank. A hotel can hold $200 a night before you've ordered room service. Here's why the placeholder outlasts the receipt.
The $8 Late Fee Cap Is Dead. The CFPB Just Reopened the Fight
A federal judge voided the CFPB's $8 late-fee cap last year. This month, without much explanation, the agency reopened the file.