Account Problems Archives - The Financial Wire

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SouthState Bank will pay up to $3,500 to customers whose names, Social Security numbers, and account details were stolen in its 2024 breach — claim by June 15

David Keller7 days ago7 days ago012 mins

Customers of SouthState Bank whose Social Security numbers, names, and account details were exposed in a February 2024 data breach have until June 15 to file a claim for up to $3,500 each under the settlement in Beasley v. SouthState Bank, N.A. The deadline is weeks away, and anyone who received a notification letter from…

a woman sitting at a table looking at her cell phone

Federal law gives you 10 business days to move money out of an account a bank decides to close — but the bank isn’t required to tell you why it closed it unless an adverse credit mark triggered the decision

David Keller7 days ago7 days ago014 mins

Your debit card stops working on a Tuesday. By Friday, a letter arrives: your bank is closing your account. You have 10 business days to withdraw your funds. The letter offers no explanation. When you call, the representative reads from a script that restates what the letter already said. No reason. No appeal. No next…

Male hand holding a cellphone to check his credit score to apply for a loan to the bank

The average American now carries 4.2 credit cards with a combined $7,200 balance — but closing the oldest account cuts credit scores by 30 points by shortening account history

Warren Cohen1 week ago1 week ago014 mins

Last spring, a borrower in Dallas called her credit card issuer to cancel a Visa she hadn’t swiped in three years. She had no balance on it, no annual fee, and no reason to keep the plastic. Six weeks later, when she applied for a mortgage, her FICO score had dropped from 741 to 709….

A person sitting in a chair with a laptop and a credit card

Your card issuer must refund disputed charges within 10 business days — but only if you submit the dispute in writing, by mail, within 60 days of the first statement

David Keller1 week ago1 week ago013 mins

You spot a $347 charge on your credit card statement that you never authorized. You open your banking app, tap “Dispute,” and assume the problem is solved. Weeks later, the issuer denies your claim. The reason? Federal law required you to mail a physical letter to a specific address within 60 days of the statement…

United States 1040 tax form individual income tax return with refund check and US dollar bills

The IRS has stopped mailing most paper refund checks this year — file without direct deposit and your refund is frozen until you update your account

Warren Cohen2 weeks ago2 weeks ago015 mins

Millions of Americans who filed their 2025 federal tax returns expecting a paper refund check are waiting for money that will never show up in their mailbox. Starting October 1, 2025, the IRS stopped issuing most paper refund checks to individual taxpayers. If you filed without valid direct deposit information, your refund is not lost,…

Tax Return form 1040 with USA America flag and dollar banknote US Individual Income

The IRS eliminated paper refund checks this year — if you don’t have direct deposit set up, your refund is frozen until you act

David Keller4 weeks ago4 weeks ago012 mins

Millions of taxpayers filed their 2025 returns this spring expecting a refund check in the mail. It is not coming. Not automatically, anyway. Starting with the 2026 filing season, the IRS no longer mails paper refund checks by default. If your return posted without direct deposit information, the agency processes it, calculates what you are…

The IRS quietly eliminated paper refund checks this year — if you don’t have direct deposit, your refund is frozen until you act

David Keller1 month ago1 month ago014 mins

If you filed your 2025 federal tax return without direct deposit information and you’ve been waiting weeks for a refund check that never arrived, there is a reason: the check is not coming. Starting with the 2026 filing season, the IRS no longer mails paper refund checks to most individual taxpayers. Instead, filers without bank…

First bank failure of 2026 costs FDIC insurance fund $19.7 million

Vince Coyner4 months ago011 mins

Metropolitan Capital Bank & Trust in Chicago became the first U.S. bank to fail in 2026 after Illinois regulators shut it down on Jan. 30 and handed the institution over to the Federal Deposit Insurance Corporation as receiver. The failure was small by national banking standards, but it still carried a real cost. The FDIC…

Category: Account Problems

SouthState Bank will pay up to $3,500 to customers whose names, Social Security numbers, and account details were stolen in its 2024 breach — claim by June 15

Federal law gives you 10 business days to move money out of an account a bank decides to close — but the bank isn’t required to tell you why it closed it unless an adverse credit mark triggered the decision

The average American now carries 4.2 credit cards with a combined $7,200 balance — but closing the oldest account cuts credit scores by 30 points by shortening account history

Your card issuer must refund disputed charges within 10 business days — but only if you submit the dispute in writing, by mail, within 60 days of the first statement

The IRS has stopped mailing most paper refund checks this year — file without direct deposit and your refund is frozen until you update your account

The IRS eliminated paper refund checks this year — if you don’t have direct deposit set up, your refund is frozen until you act

The IRS quietly eliminated paper refund checks this year — if you don’t have direct deposit, your refund is frozen until you act

First bank failure of 2026 costs FDIC insurance fund $19.7 million

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