Latest Consumer banking News

Apple wants people to know how to clean its new credit card

Aug. 22, 2019 4:07 PM EDT

SAN FRANCISCO (AP) — Apple believes some of its zealous customers will treasure its new titanium credit card so much that they will spend time polishing its white finish. That's why Apple has posted instructions on how to clean the card properly and warned that some materials might leave blemishes that are...

Why streaming services are the new credit card rewards binge

Aug. 22, 2019 11:01 AM EDT

When it comes to credit card rewards, it's not all about gas, groceries and restaurants anymore. Issuers are moving beyond suburban staples to include millennial-friendly categories such as transit and streaming subscriptions. The trend toward streaming rewards, in particular, is hard to miss, with cards from...

US long-term mortgage rates stay near historic lows

Aug. 15, 2019 12:43 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates remained near historically low levels this week against a backdrop of volatile financial markets around the globe. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year loan was unchanged at 3.60%, its lowest level since November...

Hy-Vee warns of security problem with credit card readers

Aug. 15, 2019 9:52 AM EDT

WEST DES MOINES, Iowa (AP) — An Iowa-based grocery store chain is warning customers about what it says is a security incident involving payment card systems. Hy-Vee said in a news release Wednesday that it launched an investigation after it detected unauthorized activity on some of its payment processing...

Rejected for a personal loan? Here's how to recover

Aug. 8, 2019 12:59 PM EDT

Getting rejected for a personal loan can feel like a punch to the gut. It's easy to get discouraged, especially if it delays plans to consolidate debt or renovate your home. Instead of taking the rejection personally, use it as motivation to build your credit and supplement your income so you win approval the...

Newsom proposes $331 million for housing legal assistance

Aug. 7, 2019 6:11 PM EDT

LOS ANGELES (AP) — California Gov. Gavin Newsom said Wednesday he wants to spend $331 million from a settlement with mortgage lenders on legal aid for homeowners and renters. "The middle class, and those that aspire to get in it, are being slammed because we have been unable to produce enough housing, to...

Alaska credit union to end marijuana business pilot program

Aug. 7, 2019 5:23 PM EDT

ANCHORAGE, Alaska (AP) — An Alaska credit union plans to discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses, an official said. Credit Union 1 will end the program Aug. 30 because critical insurance coverage will no longer be available, The Anchorage Daily...

Dutch bank ABN AMRO to check customers for financial crimes

Aug. 7, 2019 6:09 AM EDT

THE HAGUE, Netherlands (AP) — The Netherlands' central bank has ordered ABN AMRO to check all of its retail customers for possible financial crimes as part of a government crackdown. ABN AMRO revealed the order Wednesday alongside second-quarter results that showed its net profit edged up 1% from the same...

Millennial Money: Credit unions add flex to your finances

Aug. 6, 2019 11:01 AM EDT

An underused money tool that could help a new generation of adults on their path to prosperity isn't a smartphone app, a virtual currency or a digital payment system. It's an old-timey credit union. Credit unions , if you're unfamiliar, are like nonprofit banks. They may not satisfy all your money-management...

The Apple credit card is here

Aug. 6, 2019 10:41 AM EDT

NEW YORK (AP) — The Apple credit card designed primarily for mobile use is here. Some iPhone users who requested a notification about Apple Card will get invites Tuesday to apply through Apple's Wallet app. The company plans to expand sign-ups more broadly in the coming weeks. The card, announced in March...