Consumer Affairs

Banks have been preparing for a pandemic for more than a decade

Banks have been preparing for a pandemic for more than a decade

Fifth Third Bank in December went through a mock exercise: What if a pandemic hit? No, executives at Fifth Third didn’t have any foreshadowing of the nightmare we’re living now. It’s an exercise that Fifth Third and all banks engage in regularly to make sure they’re prepared for a range of events that could rock our world, including cyber attacks, natural disasters or terrorism.

After coronavirus pandemic, will we spend less, save more?: Money Matters

After coronavirus pandemic, will we spend less, save more?: Money Matters

Lately, I’ve found myself wondering how life will be different when this is all over. If nothing else, it’s comforting to imagine how we will change in the months and years ahead . . . because that mental exercise means we will be on the other side of this health catastrophe and economic nightmare.

Reducing your debit card purchase limit to $0 can protect you from fraud: Money Matters

Reducing your debit card purchase limit to $0 can protect you from fraud: Money Matters

With everything going on, I really don’t want to take a chance on debit card fraud. I don’t want to go back into my Key branch right now with the health crisis. It would be such a simple thing to have cards where you could set a limit on non-PIN purchases to $0, $100, $500, at the user’s discretion. Can we do this?

Millions of consumers ignore free Nomorobo call-blocking service

Millions of consumers ignore free Nomorobo call-blocking service

While many phone companies aren’t doing as much as they could to block robocalls and identify spoofed calls, consumers also aren’t doing their part. For starters, tens of millions of consumers could block most robocalls to their home lines but don’t.A company called Nomorobo was launched six years ago in response to a quest by the Federal Trade Commission for someone to create technology to identify and block unwanted, annoying and sometimes costly robocalls.