Category: Saving & Banking
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Regulation CC lets a bank hold a deposited check past the normal schedule under six named exceptions, stretching availability by up to six business days, and longer if the bank can justify the delay
A deposited check does not always clear on the bank’s normal schedule. Under the Federal Reserve’s Regulation CC, a bank can delay funds under six named exceptions, and the rule sets the usual extension at one, five or six business days depending on the type of check, with longer holds allowed when the bank can…
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Anyone charged a surcharge at a non-bank ATM since October 2007 and not reimbursed by their bank is in a Visa and Mastercard class with a February 10, 2027 claim deadline
A $167.5 million settlement over fees charged at independent ATMs is now taking claims, and the deadline is February 10, 2027. Visa and Mastercard are the two companies paying into it. The case, Burke v. Visa, covers people who paid a surcharge to withdraw cash at a non-bank ATM at any point from October 24,…
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The NCUA pays unclaimed credit-union deposits in full only for 18 months
When the National Credit Union Administration liquidates a credit union, it pays claims on unclaimed deposits at their full insured amount only during an 18-month window. The NCUA’s unclaimed deposits page says share accounts claimed within that insurance period are paid in full. After the 18 months, the money is no longer insured. The page…
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Direct Express cardholders move to Fifth Third and must set a new four-digit PIN
Direct Express cardholders are moving to a new bank. Fifth Third Bank is replacing Comerica Bank as the financial agent for the prepaid card that many people use to receive Social Security and other federal benefits, and each cardholder gets a new Fifth Third card. Direct Express says the new card has to be set…
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A Maryland man is charged with redirecting the bank mail of more than 40 seniors averaging 81 and ordering debit cards in their names
A Hyattsville, Maryland, man is accused of changing the mailing addresses on the bank accounts of more than 40 seniors, ordering debit cards in their names and using them for more than 1,500 ATM withdrawals. Roy Dave Davis, 34, was charged with bank fraud by criminal complaint, the U.S. Attorney’s Office for the District of…
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The Great Iowa Treasure Hunt has passed $450 million returned, and a new Money Match program sends some property back without a claim
Iowa’s unclaimed property program has now returned more than $450 million to owners and heirs, State Treasurer Roby Smith announced on Oct. 7. The milestone for the Great Iowa Treasure Hunt came after a record year, and it arrives with a new wrinkle: a program called Money Match that sends some qualifying property back to…
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West Virginia returned $2,424,832 in unclaimed property in September across 3,793 claims
West Virginia’s treasurer returned $2,424,832 in unclaimed property to owners in September, paid out on 3,793 claims. Treasurer Larry Pack’s office announced the total in an Oct. 8 release. The money is property that banks, businesses and other holders could not hand back to its owners on their own. What the September numbers show The…
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Treasury is setting up a records system to receive student aid data, including borrowers’ Social Security numbers, income and default records, with comments due Nov. 6
The Treasury Department has created a new file to hold personal information on people with federal student aid, and the public has until Nov. 6 to comment on it. The notice, published in the Federal Register on Oct. 7, 2026, says Treasury will receive records from the Education Department that include Social Security numbers, dates…
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Discover’s cash-back debit rewards end as checking accounts move to Capital One 360, with a one-time deposit equal to the prior 12 months of rewards
Anyone whose Discover checking account has been paying cash back on debit-card purchases is about to lose that perk. Capital One’s Discover checking page says Discover Cashback Debit accounts become Capital One 360 Checking accounts, and 360 Checking accounts do not offer Cashback Debit rewards. In exchange, Capital One says it will make a one-time…
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Checks from the $8.7 million Sequoia Benefits data-breach settlement were issued Aug. 31 and become void if they are not cashed by Nov. 30
A settlement check that sits in a drawer past Nov. 30 stops being worth anything. Payments from the $8.7 million Sequoia Benefits data-breach settlement were issued on Aug. 31, 2026, and the settlement website says any uncashed check becomes void after Monday, Nov. 30, 2026. From today that leaves about seven weeks. The site says…