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Money

Money

Money's easy. All you have to do is get a lot of it and figure out how to hold on to it. The details can get a little tricky, of course.

MoneyGram Refunding $115 Million In Scam Funds Crackdown

MoneyGram Refunding $115 Million In Scam Funds Crackdown

MoneyGram is paying the price for failing to stop scammers from exploiting its system. It is sending more than $115 million in refunds to consumers nationwide. The refunds are a result of a 2018 action the Federal Trade Commission and the U.S. Department of Justice brought against MoneyGram, charging

UniTeller Hit for Money Transfer Problems

UniTeller Hit for Money Transfer Problems

The Consumer Financial Protection Bureau (CFPB) has issued an order against Servicio UniTeller, an international remittance company, for multiple violations of the requirements governing electronic money transfers, including failing to refund customers after the company made money transfer errors. The CFPB found Servicio UniTeller failed to comply with many Electronic

Wells Fargo Sued Over Clients' Zelle Losses

Wells Fargo Sued Over Clients' Zelle Losses

Zelle is a handy way to transfer money but it’s also an easy way to lose it. A class action lawsuit charges that Zelle and Wells Fargo aren’t doing enough to protect their clients against fraud. Other banks face similar suits. In the Wells Fargo lawsuit, Luke Hartsock

There's No Accounting for Accountants

There's No Accounting for Accountants

It’s spring and a consumer’s fancy turns to taxes and, from there, to accountants, those sticklers for detail who help us stay on the right side of the tax code. But unlike other professions that have their fingers on our literal or figurative pulse, accountants are a pretty

Edfinancial Fined for Misleading Student Borrowers

Edfinancial Fined for Misleading Student Borrowers

The latest development in the scandal-ridden student loan program involves a small Tennessee company, Edfinancial Services, ordered to pay a $1 million civil penalty for misleading student borrowers. “Edfinancial’s failure to tell the full truth to borrowers, so it could pad its bottom line highlights a systemic problem with

Credit Reports Used to 'Extort' Consumers into Paying Healthcare Bills

Credit Reports Used to 'Extort' Consumers into Paying Healthcare Bills

The American healthcare and credit reporting systems work in tandem to “coerce and extort patients into paying medical bills they may not even owe,” a new report from the U.S. Consumer Financial Protection Bureau (CFPB) finds. “When it comes to medical bills, Americans are often caught in a doom

There’s Money Lurking in Your Closet

There’s Money Lurking in Your Closet

Can you name an asset that has steadily appreciated in value over the past decade, impervious to market fluctuations, appreciating 500% between 1980 and 2015? It’s not financial services or heavy industry or even technology. It’s the Hermes Birkin bag. Yes, a handbag. But not just any handbag.