Vision Credit Education, Inc.

You may have seen signs posted or information on your bank or credit union’s website about not being left out without overdraft protection. What is this all about? Read the rest of this entry »

One of Bank of America’s better known commercials indicated how quickly a transaction posted to your online banking console. One source of angst for many unsuspecting customers was that many bill payments did not reflect on the “Account Activity” summary even though these were reflected in the “Outgoing Payments” section of online “Bill Pay” for the same day.  Read the rest of this entry »

It may sound like a broken record but another large debt settlement company has been seized following an investigation into company practices. Allegro Law LLC and Allegro Financial Services LLC have been shuttered by regulators with the assets coming under seizure by the court. Read the rest of this entry »

West Virginia Attorney General Darrell McGraw has filed suit against Capital One Bank for what he calls “unconscionable conduct in connection with their credit card lending and collection practices.” In particular, it seems that customers were extended offers of what they thought were new credit card accounts if they agreed to transfer old collection debt previously charged off by Capital One. The amount of new credit was reportedly only $1. Read the rest of this entry »

Hess Kennedy served as a reminder that debt settlement companies hold very large amounts of their customers’ cash. It also showed us that sometimes that cash is siphoned off or spent by company executives rather than being used for promised settlements. In the end, customers received only a 25% refund of their deposits after a court appointed receiver shut down the company. Read the rest of this entry »