For those in desperate need of cash, payday lending is easy—lenders can be found almost anywhere and cash is given to you on the spot. But these loans can be hazardous to your financial health.

Starting July 1, customers will decide whether or not they want to be slapped with high-interest overdraft charges when making a debit purchase or ATM withdrawal. While it will save consumers billions of dollars, be aware that your bank might look for other ways to make up its lost revenue.

(Bruce Sutherland/FLICKR)

BY DEB WEINSTEIN-MEDILL NEWS SERVICE

The latest on the credit crunch: Consumers are increasingly leaning on debit cards as opposed to banking on credit, according to a piece in the Wall Street Journal.

For San Francisco-based Visa Inc., this shift translates into a [...]

BY KAREN LEIGH – MEDILL NEWS SERVICE

That unending flow of credit card offers and promotions flooding dorm mailboxes might be coming to an end as Illinois state officials crack down on companies that are marketing the cards to college students.