Category: Saving & Banking
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Most negative credit report items, like late payments, generally drop off after seven years
A missed payment from years ago does not follow a borrower around for life. The Consumer Financial Protection Bureau says a credit reporting company generally can report most negative information for seven years, and that includes the late payments that sit on so many older borrowers’ reports. The rule comes with a short list of…
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Credit card holders whose card number is stolen but whose card is not owe nothing for charges they did not authorize, the FTC says
A credit card holder whose card number is stolen, while the physical card stays in the wallet, owes nothing for charges they did not authorize. The Federal Trade Commission’s consumer site puts it in one sentence: “You aren’t responsible for any charges you didn’t authorize.” That rule covers the most common kind of card theft,…
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Old Cadence Bank routing numbers keep working only through 2026 after the Huntington switch
Former Cadence Bank customers who now bank with Huntington have until the end of this year before their old routing number stops working. Huntington says the routing number changed to its own, and that the Cadence account and routing numbers “will still work through the rest of the year.” The page gives no exact cutoff…
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Debt collectors cannot sue over debts past the statute of limitations under CFPB rules
A debt collector cannot take a person to court over a debt once the time limit for suing has passed. That is the rule in the Consumer Financial Protection Bureau’s Regulation F, which says a debt collector “must not bring or threaten to bring a legal action against a consumer to collect a time-barred debt.”…
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Equifax, Experian and TransUnion permanently let consumers check credit reports free every week at AnnualCreditReport.com
The three nationwide credit bureaus, Equifax, Experian and TransUnion, have made weekly free credit reports a permanent feature. The Federal Trade Commission says the bureaus “have permanently extended a program that lets you check your credit report from each once a week for free.” That is a big change from the old rule of one…
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New York Joint Juice settlement checks go void December 14, from a $19.16 million fund
New York payments from the Joint Juice settlement are going out, and the check that arrives has a short life. A settlement tracker reports that the New York payment letter says the check becomes void on December 14, 2026, less than two months from now. The New York settlement is funded with $19,160,186.47, paid by…
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Bank-issued stablecoins would have to be fully backed by permissible reserve assets such as short-term Treasury bills under a Federal Reserve proposal
The Federal Reserve wants banks that issue digital dollars to hold reserves behind every one. Under a proposal the Fed announced on September 24, 2026, a bank-issued payment stablecoin would have to be fully backed by permissible reserve assets, such as short-term Treasury bills. The rule is not final, and the public is still being…
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Debt collectors can take Social Security only in rare cases, but back taxes, federal student loans and support orders can reach it
A private debt collector cannot simply reach into a Social Security check. The Consumer Financial Protection Bureau says that only in rare cases can debt collectors take Social Security or VA benefits. The exceptions are real, though: the agency says Social Security and Social Security Disability Insurance can sometimes be garnished for back taxes, federal…
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Toyota Corolla, Avalon, Tacoma, Tundra and Sequoia owners can still claim from a $78.5 million airbag control unit settlement until December 11, 2028
Owners of certain Toyota Corolla, Avalon, Tacoma, Tundra and Sequoia models have until December 11, 2028 to file claims under a $78.5 million settlement over airbag control units. The deal is no longer in doubt. A court approved it in 2023, and an appeal against that approval was dismissed in December 2025. The official settlement…
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Cencora and Lash Group’s $40 million data-breach settlement now expects to start paying claimants in November, after earlier payment targets slipped
People who filed a claim in the Cencora data-breach settlement are still waiting on money, and the wait just got a new end date. The settlement administrator, Kroll Settlement Administration, says it anticipates beginning to send payments to eligible claimants in November 2026. The notice went up on the official settlement website on October 16.…