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The costs of the Fort McMurray fire May 6th
A wild fire rips through the forest 16 kilometres south of Fort McMurray, Alta., on highway 63 on May 7, 2016. (THE CANADIAN PRESS/Jonathan Hayward)
When the wildfire struck outside Fort McMurray a year ago, Rocco Neglia was sitting in a regular office meeting across the country at the head office o.... More »
The best travel insurance credit cards in Canada for 2024 + MORE May 19th
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The best travel insurance credit cards in Canada for 2024
Searching for the perfect card? Compare your options with our interactive tool, and filter results based on rewards value, annual fees, income requirements, and more.
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New mortgage rules to steer consumers to big banks + MORE Dec 1st
Are you thinking about going to one of the smaller non-bank lenders for your next mortgage? If your property is worth more than $1 million you may be out of luck.
That’s just one of the conditions consumers shopping for a mortgage will now need to consider as the latest round of federal mortga.... More »
Term vs. permanent life insurance: How to choose what’s right for you Oct 11th
Life insurance can protect your loved ones financially after you’re gone, but picking the right kind can protect your wallet even when you’re alive. Generally, there are two kinds of life insurance: term life insurance and permanent life insurance. Permanent life insurance provides lifel.... More »
Do You Have Enough March Break Travel Insurance? + MORE Mar 15th
March break is here and with it comes the first real opportunity to get away. Before you board your plane or drive across the border, don’t forget about the importance of travel insurance; 41 per cent of Canadians say they’re concerned about needing medical attention when travelling, according.... More »
Cabela’s credit card bank operation released from regulator’s consent order
– canadianbusiness.com
OMAHA, Neb. – The Federal Deposit Insurance Corp. on Monday announced that it has terminated a consent order against World’s Foremost Bank, a Nebraska-based credit card bank operation set up by the outdoor outfitter Cabela’s.
The order was ended Nov. 4 but not publicly announced until Monday, according to the Lincoln Journal Star (http://bit.ly/1wXGVjz ). The original order in March required World’s Foremost Bank to pay a $1 million penalty and restitution to about 1.8 million cardholders for what the FDIC said were deceptive and unfair acts. The bank agreed to the sanctions but did not admit or deny the violations.
FDIC spokeswoman LaJuan Williams-Young told The Associated Press that a termination order typically indicates “that the bank has complied with the original stipulations” in the consent order. She declined to comment further about the specifics of either order. A bank representative didn’t immediately return messages from the AP.
In the March order, the FDIC said World’s Foremost Bank had to refund certain interest charges to cardholders and to repay others for credit card add-on services, such as identity-theft protection…
The order was ended Nov. 4 but not publicly announced until Monday, according to the Lincoln Journal Star (http://bit.ly/1wXGVjz ). The original order in March required World’s Foremost Bank to pay a $1 million penalty and restitution to about 1.8 million cardholders for what the FDIC said were deceptive and unfair acts. The bank agreed to the sanctions but did not admit or deny the violations.
FDIC spokeswoman LaJuan Williams-Young told The Associated Press that a termination order typically indicates “that the bank has complied with the original stipulations” in the consent order. She declined to comment further about the specifics of either order. A bank representative didn’t immediately return messages from the AP.
In the March order, the FDIC said World’s Foremost Bank had to refund certain interest charges to cardholders and to repay others for credit card add-on services, such as identity-theft protection…
