Banks, Credit Cards | featured news

Discover Financial Services is adding checking accounts to its array of financial-services products as the credit-card lender continues to build out its online bank.

The nation's largest mortgage lender said revenue from mortgage banking jumped almost 80% and consumers borrowed more on their credit cards. But it called the economic recovery uneven.

It’s not the subplot to a Jerry Bruckheimer movie: drug dealers in Mexico really are kidnapping computer whizzes and forcing them to hack into bank systems and program credit card fraud scams in order to acquire additional funds on top of what they haul in from selling drugs.

About 200,000 Citibank credit card customers in North America have had their names, account numbers and email addresses stolen by hackers who broke into Citi's online account site.

Credit card issuers are still playing "gotcha" with customers.

Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees....