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Checking Accounts

(credit: Swanson for Attorney General)

AG Swanson Sues Debt Collector Over Bank-Fee Pursuit

A debt collector associated with two big banks is being sued by Minnesota’s attorney general over steep interest rates charged to people with overdrawn checking accounts. Minnesota Attorney General Lori Swanson alleged Wednesday that Minneapolis-based Bradstreet and Associates broke state law by charging up to 21.75 percent in interest on the bank debt.

01/08/2014

Money

Good Question: Should Couples Have Separate Bank Accounts?

One of the biggest things couples fight about is money. A recent study by Harris Interactive for the American Institute of CPAs found the three biggest money-related arguments: wants vs. needs, unexpected expenses and insufficient savings. So that had us wondering: Should men and women have separate bank accounts? According to Nicole Middendorf, financial analyst and CEO of Prosperwell Financial, the answer is usually ‘yes.’ “Because, otherwise, I tend to find people fight too much,” she said. “We are generally so busy in our lives that we don’t take the time to communicate, especially about something that’s not fun to communicate about.”

11/11/2013

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