Tagged Questions

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Under what conditions can a bank or credit union initiate a phone call for business on your account?

I initiated a wire transfer today, and at one point one of the credit unions involved in the transfer called me up to verify some things before they made the transfer. When she as …
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1answer
28 views

What’s the distinction between credit card companies and credit card issuers?

I realized that I've been sloppy in my posts by using "credit card companies" (like Visa and Mastercard) and the banks that issue credit cards (i.e. Chase) interchangeably. What s …
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1answer
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What are the biggest changes to expect with the new credit card legislation?

Now that I am financially responsible and I don't use credit cards, I don't pay much attention to what is going on with the legislation. What are the major changes that will happe …
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1answer
20 views

What are the Major Differences Between Banks and Credit Unions?

I've seen a lot of articles recently about switching from "big banks" to local banks and/or credit unions. What exactly is the difference between a bank and a credit union? I sho …