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CFPB takes first step toward regulating prepaid cards
Prepaid debit cards have been called the Wild West because of their rapid growth, uncontrollable fees and little regulation. That soon may change — or at least the regulation part. The Consumer Financial Protection Bureau is taking its first ...Tags: Richard Cordray, U.S. Consumer Financial Protection Bureau, Consumers
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State regulators take over two Maryland banks
State banking regulators closed two Maryland banks Friday, the first two bank failures in the state since 2010. The Maryland Commissioner of Financial Regulation shut down the Bank of the Eastern Shore in Cambridge and appointed the Federal Deposit...Tags: Bankruptcy, Gaithersburg (Montgomery, Maryland), Real Estate Sellers, Finance, Cambridge (Dorchester, Maryland)
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Keep limits on credit union business loans
The op-ed by State Employees Credit Union CEO Rod Staatz ("Let credit unions do their job," April 25) compels me to respond on behalf of the Maryland banking industry. In his commentary, Mr. Staatz, who runs Maryland's largest credit union, argues that...Tags: Banking, Business, Small Businesses, Corporate Officers, Quarterly or Semiannual Financial Statements
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Clarksville: Regional Repertory Wind Ensemble concert March 25 will be music to your ears
Is the sound of a woodwind instrument skillfully played sweet music to your ears? Then, you will definitely want to hear the third annual Regional Repertory Wind Ensemble Sunday March 25 at 3 p.m. The ensemble is composed of high school musicians from...Tags: Documentary (genre), American Red Cross, Easter, Clarksville, Judaism
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CFPB's next target: overdraft practices
Next on the Consumer Financial Protection Bureau’s to-do list: banks’ overdraft practices. Overdrafts occur when you spend more than you have in your bank account. The bank will cover those overdrafts for a fee that can run from $30 to $35....Tags: U.S. Consumer Financial Protection Bureau, Consumers, Personal Income
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Got a gift card you don't use or want? Sell it
We want gift cards and like to give them, but for some reason we don't always use them and wind up wasting billions of dollars.
A recent poll by Consumer Reports, for instance, found that one-quarter of people who received a card as a holiday gift last...Tags: Craigslist, Inc., Apple iTunes, Whole Foods Market, Consumers, Ellicott City
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A chance to right an old wrong
President Barack Obama's recess appointment to direct the Consumer Financial Protection Bureau (CFPB), Richard Cordray, wasted no time in announcing the watchdog agency's "nonbank supervision program." Bringing nonbank mortgage lenders more fully and...Tags: Regulatory Policy and Organizations, Realty, Real Estate Sellers, Consumers, Finance
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Credit unions work to attract big-bank customers
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...Tags: Banking, Marketing, Parkville, For-Profit Colleges, Consumers
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For abortion foes, an ultrasound is worth 1,000 words
U.S. District Court Judge Catherine Eagles last Tuesday granted a request for a preliminary injunction that temporarily blocks a provision in North Carolina's new abortion-restriction law that would require women seeking an abortion to view an...Tags: American Civil Liberties Union, Lawyers, Air Transportation, Civil Rights, Freedom of the Press
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You don't need to occupy Wall Street to know it's out of control
This week, President Obama travels to Wall Street, where he'll demand -- in light of the Street's continuing antics since the bailout, as well as its role in watering down the Volcker rule -- that the Glass-Steagall Act be resurrected and big banks be...Tags: Democratic Party, Groupon, Inc., Banking, Morgan Stanley Dean Witter & Company, Europe
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Occupy Wall Street: Don't let NY raid derail the movement
I'm worried the confrontation between "grim-faced riot police" and the relatively peaceful demonstrators in New York's Zuccotti Park may spell the end to an important movement. Now these crackdowns are occurring in many other places, and I fear the next...Tags: Occupy Wall Street, Demonstration, Riots, Protest
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Federal regulators issue consent order to Owings Mills bank
Federal regulators have ordered Regal Bank & Trust in Owings Mills to make certain changes, such as drawing up written plans for maintaining capital levels and reducing "substandard" assets, according to a document released Friday by the Federal Deposit...Tags: Owings Mills (Baltimore, Maryland)
May 23, 2012
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Apr 27, 2012
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Apr 28, 2012
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Mar 20, 2012
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Feb 22, 2012
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Dec 11, 2011
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Jan 17, 2012
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Oct 10, 2011
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Nov 1, 2011
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Nov 16, 2011
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Nov 25, 2011
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