Tag Archives: Pay

CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing – money.andronezia.com

WASHINGTON DC – Today, the Consumer Financial Protection Bureau (CFPB) reached a settlement to resolve allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions. CFPB alleged that Citizens Bank failed to properly manage and respond to credit card disputes and customer fraud claims. If… Read More »

Buy now, pay later to be treated like credit card in major system crackdown – money.andronezia.com

Australia’s inflated buy now, pay later system will be regulated by the federal government, out of fears it poses a growing danger to consumers. Under the changes to be announced by Financial Services Secretary Stephen Jones in a speech on Monday, buy now, pay later will immediately be treated as a credit product. Following a… Read More »

Samsung Pay won’t be free for credit card companies in South Korea – money.andronezia.com

After the launch of Apple Pay in South Korea, Samsung changed its entire strategy around Samsung Pay. The company’s mobile payment service is free for consumers and credit card companies. However, the South Korean company plans to charge credit card companies in a similar way to Apple. Samsung Electronics has reportedly notified all credit card… Read More »

Help! My Tour Got Canceled but Travel Insurance Won’t Pay – money.andronezia.com

The problem: Their trip wasn’t technically “interrupted,” as they spent 18 nights on board. Several times in my conversations with insurance executives, I’ve heard the phrase “you’re not covered for lost fun,” but I imagine this applies to a week of rain in a Caribbean resort, not an Antarctic cruise that never makes it to… Read More »

32 employers failed to pay migrant workers’ medical bills between 2020 and 2022 – money.andronezia.com

16 mins ago Business 1 Views PROVIDE A WIDER SAFETY NET Bangladeshi construction worker Jo (not his real name), who was diagnosed with a ruptured appendix in April, was sent home soon after and had to pay for his own treatment. The 43-year-old man, who has worked in Singapore since 2001, paid for his appendectomy… Read More »

More ‘buy now pay later’ users are seeing their credit scores drop after they miss payments. But are these two things really connected?

By Zoe Han Some ‘buy now, pay later’ companies let buyers decide whether to report their payment history to the credit bureaus. “Buy now, pay later” is a popular payment method for younger consumers, but a growing number of BNPL users appear to be experiencing negative consequences, including lower credit scores. About 24% of buy… Read More »

Policyholders could pay the price as Citizens Insurance customers increase – – money.andronezia.com

FLORIDA SOUTHWEST– If you have an insurance policy in Florida, you are warned that state-owned insurers have the power to increase your rates by up to 2%. This happened because Citizens Insurance said it was close to 1.3 million customers. The more customers they have the riskier it is to do business and the policyholder… Read More »