Consumer News How Safe Is Your Bank

Your debit card is not as safe as you think and here is why

Debit cards feel safe because they are familiar, fast and backed by a bank account that quietly absorbs every tap and swipe. Yet the very design that makes them convenient also exposes you to risks ... Read More

After Venmo’s hourslong outage Wednesday, should you still trust it with your money?

The payment app says it’s "back up and running," but federal regulators still urge caution about leaving large balances outside FDIC-insured accounts. Read More

Is digital banking safe? How to earn higher interest rates without risk

Digital banking incorporates the best of online banking (a service you might be familiar with through your current bank) and mobile banking. While you won't have a physical branch to visit, you'll ... Read More

Check fraud: How mail theft could drain your bank account

The most recent report on Mail Theft Related Check Fraud from the U.S. Treasury sites more than 15,000 cases totaling $688 million in just a 6-month time frame. Arthur State Bank, where the funds were ... Read More

Early AM call from your bank sounds real, but it's not.

GREENSBORO, N.C. — When the phone rings and it's between 1 am and 6 am, it's a jolt. Then comes the message. "It was saying it was Wells Fargo fraud line, and they were trying to charge something to ... Read More

Want to Earn Higher Interest Rates but Not Sure if Digital Banking is Safe? Here's Your Answer

As long as you choose an FDIC-insured digital bank, your money is as safe as it would be in a brick-and-mortar bank. Switching to a digital bank means giving up in-person customer service. However, ... Read More

Citizens Bank sees resilient consumer finances and spending

U.S. consumer finances remain broadly healthy, even though there are some signs of stress for borrowers with lower credit scores, Brendan Coughlin, president of Citizens Financial Group , said on ... Read More

Consumer Confidence Just Fell: Vanguard And Synchrony Bank CDs Can Help You Lock In Safe Returns Now

Have a question for Penny Min or our other editors? Ask here for a chance to be featured in a story. Submit your question This form is protected by reCAPTCHA ... Read More

Consumer Bureau’s Bank Examiners Criticize New ‘Humility Pledge’

The Consumer Financial Protection Bureau said it would require a vow to “work collaboratively” with companies before beginning a review. Read More