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Michaels Data Breach Confirmed
Apr 21

Michaels Data Breach Confirmed

On Thursday, Reuters reported that Michaels Stores Inc., the U.S. largest retailer of arts and crafts supplies, confirmed a data breach effecting seven percent of its payment cards. The breach, which was estimated to have taken place between May 8, 2013 and January 27, 2014, may effect 2.6 million cards. Michaels issued a warning to

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Walmart Launches Store-to-Store Money Transfer Service
Apr 17

Walmart Launches Store-to-Store Money Transfer Service

Walmart has launched a money transfer service that allows consumers to transfer money between more than 4,000 nationwide Walmart stores. This Walmart-2-Walmart Money Transfer Service looks to compete with the likes of Western Union and MoneyGram. “After listening to our customers complain about the high fees and confusion associated with transferring money, we knew there

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Apr 14

Ally Redesigns iPhone Mobile Banking App with iOS7 Look

Ally Bank gave a makeover to its mobile banking application for the Apple iPhone. It now sports a look that is consistent with the iOS7 operating system. Redesigned from top to bottom, mobile banking customers will see a streamlined menu, improved navigation and combined activity for transfers and other transactions. An update for the free

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Apr 11

Bank of America Refunds Credit Card Customers for Add-On Products

In a settlement with the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, Bank of America was ordered to refund roughly $727 million to customers who were sold credit card add-on services, such as identity theft protection, between Oct. 1, 2010 to March 31, 2013. Bank of America stopped offering

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MyBankTracker and The Money Coach Join Forces For Financial Literacy Month

MyBankTracker and The Money Coach Join Forces For Financial Literacy Month

Financial Literacy Month is here, and joining us in April is Lynnette Khalfani Cox, better known as The Money Coach. Stay tuned for Lynnette’s answers to your burning financial questions! If you have a money question, tweet us @mybanktracker, @themoneycoach and include #realmoneytalk on Facebook and Twitter. Image via Flickr

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H&R Block to Drop Its Bank Charter to Avoid Tightening Regulations

Well-known tax-preparation services provider H&R Block has found a buyer for its banking division. BofI Federal Bank, parent of many online banks, agreed to purchase assets and liabilities from H&R Block — the exact terms were not disclosed. “This is an important step in ceasing to be regulated as a savings and loan holding company,

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Latest Credit Card Deals: April 2014
Apr 09

Latest Credit Card Deals: April 2014

Have you been thinking about opening up a new credit card? You’re in luck! Many credit card companies recently introduced amazing deals, offering a wide range of rewards and cash bonuses. It’s not a bad idea to compare bonuses before you find the card of your liking. Here are a few of the most notable credit

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Latest Bank Deals: April 2014

Latest Bank Deals: April 2014

Jump on these latest bank deals! Open up a new bank account and get a nice bonus: free money! Act fast many of these bank deals are expiring soon. Here are a few of the most notable bank deals from the past week: PNC Bank: $250 Bonus for New Checking Account (April 2014) First Citizens Bank

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Discover Bank Raises Long-Term CD Rates

Discover Bank has made significant rate increases to its long-term certificates of deposit (CDs). For instance, the online bank’s 5-year CD rate jumped from 1.65% APY to 1.95% APY. Its 10-year CD rate went from 1.90% APY to 2.25% APY. The rate changes from Discover Bank fall in line with the overall trend with CD

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Apr 04

Barclays Raises 4-Year, 5-Year CD Rates

Barclays has increased the rates on its 4-year and 5-year CD rates to stay on par with the competition, which has been pushing more attractive long-term CD rates in recent months. At Barclays, the 4-year CD rate jumped from 1.65% APY to 1.70% APY. The 5-year CD rate went from 2.15% APY to 2.25% APY,

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