Overdraft fees cost consumers an average of $32 billion each year. The hefty fees and their often less-than-transparent policies, which vary greatly between banks and financial products, have long garnered the ire of consumer advocates and federal regulators. Case in point: a Minnesota-based bank is now under investigation for possibly unfair and deceptive practices related to its overdraft program. [More]
37-year-old Nigerian scammer Paul Gabriel Amos convinced Citibank officials to wire him $27 million belonging to Ethiopia. Rather than go with the usual Nigerian nom de plumes like prince or will executor, Famous Amos pretended to be an official with the National Bank of Ethiopia. Amos forged “official-looking” documents that confirmed his status with the central bank and instructed Citibank to await faxes telling them where to send the country’s cash.
So tonight, I was unpacking, I got the calculator out of the box, and – surprise – I find out that I’d applied for a Master Card with Barclays Bank. Not just any master card, this one had an APR of either 18.24% or 20.24%. What a deal – about double what any of our cards are right now…
Meow! Meow! That’s the sound of Messiah, a cat, charging expensive lingerie on his new credit card.