| Jan 10, 2012
| 1:01 PM
Baltimore Gas & Electric has upgraded its website and customer interface software. As often happens in these matters, not all seems to be going smoothly. I've heard from several customers who are having problems with the site. Says one:
"Have you tried...
| Sep 18, 2011
| 3:01 PM
On the day last week that Bank of America announced sweeping cost-cuts, including the elimination of 30,000 jobs, executives at BlueRidge Bank celebrated a milestone for the three-year-old financial company.
The Frederick-based community bank opened a...
| Oct 10, 2011
| 4:57 PM
Ken Rose is a Bank of America customer, but he has also done business for years with Destinations Credit Union in Parkville. Now, with the bank's announcement that it will charge many debit-card users a $5 monthly fee, the Edmondson Village resident...
| Oct 16, 2011
The first reports of big banks instituting new fees for using debit cards and for certain checking accounts really riled customers. Clifford Rossi, a professor at the Robert H. Smith School of Business at the University of Maryland, is well suited to...
| Jan 27, 2011
| 6:41 PM
Arriving in Baltimore for college in 2004 from her native New York City, Vienna DeGiacomo assumed she would quickly head back north after graduating from Goucher College.
But nearly three years after receiving her English degree, DeGiacomo, 24, is...
| Jul 13, 2011
| 7:19 AM
Thank cost-cutting for this change to the U.S. savings bond program:
Starting next year, you won’t be able to buy paper savings bonds at banks and other financial institutions. Getting rid of this paper work is expected to save taxpayers more than...
| Jul 12, 2012
| 6:24 PM
About 1,000 Baltimore-area residents are expected to receive thousands of dollars each under a landmark $175 million settlement between the U.S. Department of Justice and Wells Fargo over accusations of discriminatory lending practices.
Under the terms...
| Jul 29, 2012
Borrowers overwhelmed by private student loan debt often discover an ugly truth too late — these loans can't be discharged in bankruptcy like other types of consumer loans.
A new report on private student loans by the Consumer Financial...
| Apr 23, 2012
| 8:14 AM
By several measures, metropolitan Baltimore's economy is doing better than fine.
In 2010, median household income was nearly $15,000 higher than the national average, and during the last decade, real incomes grew even as they shrank nationally. Metro...
| May 6, 2012
The thrill of potentially winning big bucks gets people to spend millions of dollars regularly on lottery tickets. Can this same concept excite Marylanders to become better savers?
We'll find out.
A new law that kicks in next month will allow banks...
| May 14, 2012
| 4:23 PM
Maryland banks and credit unions are likely to be among the first to notice that an elderly customer is being financially exploited by a con artist or an unscrupulous relative.
So it makes sense that these institutions take part in an effort to protect...
| Mar 30, 2012
| 11:18 AM
MasterCard and Visa are warning banks nationwide of a massive breach at an unnamed U.S-based credit card processor, potentially involving as more than 10 million card numbers could be compromised, according to the blog, KrebsonSecurity.