Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards.
A Minnesota-based bank is asking a federal court to dismiss its lawsuit that sought to prevent debit card transaction fee limits from taking effect. TCF National Bank, a subsidiary of TCF Financial Corp., sued Federal Reserve Chairman Ben Bernanke and its board of governors in U.S. District Court in South Dakota in October, saying the regulations were unconstitutional.
A former government informant known online as "soupnazi" stole information from 130 million credit and debit card accounts in what federal prosecutors are calling the largest case of identity theft yet.
Security breach prompts bank to reissue credit cards, debit cards to about 25 percent of its customersGate City Bank sent letters Monday to about 25 percent of its cardholders, saying they will receive new ATM and check cards in a week to 10 days. Existing cards will remain active until they receive the new cards.
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