Bank of America was ordered by the Consumer Financial Protection Bureau to refund $727 million to consumers who were deceived by the bank's marketing of credit card payment protection programs, along with other fines. This makes Bank of America the fifth major credit card issuer to be fined for such behavior.
Baby boomers (born 1946-1960) give 43 percent of all the money contributed to charities by individuals. But millennials (born 1981-1995) believe more fervently in volunteering, a new study finds.
Five companies behind the 'Rachel from Cardholder Services' scheme and other credit card robocalls were shut down Thursday, the FTC announced. The FTC estimated that the companies had defrauded customers out of more than $30 million by promising to lower credit card interest rates in exchange for an up-front fee.
Retirement plans can be compromised when senior citizens become the victims of elder financial abuse, which can cost them an estimated $2.9 billion per year. Here's how to prevent elder financial abuse, protecting retirement plans and other investments.
Retail stores are increasingly barraging their customers with questions. It's marketing for them. Is it good for you?
Targeted attacks are the trend in cyberspace. Six months ago, the world's first cyber superweapon – Stuxnet – was discovered to be targeting Iran's nuclear facilities. This week millions of e-mail addresses were reported stolen from Epsilon, a firm that supplies e-mail marketing to BestBuy, Disney, and many others. The two highlight a trend toward precision among those that create malicious software. Epsilon's information will help hackers craft very specific "phishing" e-mails that are far more subtle, experts say. Here are five emerging targets for precision attacks:
Do Not Track list: The proposal, modeled after the government's existing Do Not Call List for telemarketers, is one of a series of recommendations outlined in a new privacy report released Wednesday by the Federal Trade Commission.