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Bryan Bedder, Getty Images
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American Express Deceives Customers, Will Issue $85 Million Refund — Dollars and Sense

Have an American Express card that you never leave home without? You can expect a refund.

According to a report by the Consumer Financial Protection Bureau, American Express will be refunding $85 million to some 250,000 customers due to what officials are calling deceptive practices that include the charging of illegal late fees and discrimination against applicants 35 years old and up.

For nearly a decade, American Express was guilty of committing various infractions against its card owners that cheated customers into believing they were obtaining benefits like sign-up bonuses and improved credit scores that never came to pass.

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iPhone Wallet
Icatus, Flickr
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Would You Rather Lose Your Wallet or Your Smartphone? — Survey of the Day

For many decades, losing your wallet was clearly the worst. Not only were you suddenly without means to pay for anything, but you had been displaced of much of your personal information and were facing hours and hours of dealing with credit card companies and the DMV. Fun!

These days, a smartphone also packs a significant portion of your life into a small package that you carry with you everywhere and sometimes misplace. It also generally costs more than a wallet. So is the smartphone now the thing you'd least like to escape mysteriously from your pocket?

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college graduates
Lesliebyk, Flickr
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Job Market (Finally) Improving for College Grads — Dollars and Sense

For recent college graduates, the economic downturn and very, very slow recovery of the past few years have been brutal. But things may be looking up.

According to the Job Outlook 2013 survey, employers are on track to hire 13 percent more graduates from the class of 2013 than they did for those who walked away with their degrees in 2012.

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1943 Lincoln Penny
Dmnshnlz1, Flickr
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1943 Penny Sells for $1 Million — Dollars and Sense

How much is a penny really worth these days? Well, if it happens to be a 1943 Lincoln, it is likely worth a pretty penny, as one has reportedly just sold for $1 million.

Experts say the reason this rare coin is so valuable is because back when it was manufactured at the San Francisco Mint, it was mistakenly produced with bronze rather than the typical zinc-coated steel that the majority of the currency is made with.

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Discover
Breakingbusiness, Flickr
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Discover Misleads Cardholders, Will Issue $200 Million Refund — Dollars and Sense

Do you have a Discover card? If so, you can expect to receive a refund.

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ATM withdraw
Kevork Djansezian, Getty Images
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ATM Fees Skyrocket, Again, While Free Checking Disappears — Dollars and Sense

The days of the free checking account are nearing extinction and ATM fees are on the rise, according to the latest financial research from bankrate.com. Those annoying ATM surcharges that consumers incur every time they withdraw cash from a money mover that is not the property of the their bank have risen once again, to an all-time high of $2.50, up 4 percent from last year.

And lest you think we would mislead you by using a term like "skyrocket" in the headline to describe a mere 4 percent increase—there's more ...

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Lottery winner
Stephen Chernin, Getty Images
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Would You Quit Your Job If You Won the Lottery? — Survey of the Day

According to a new survey from CouponCabin.com of 2,570 adults, 50 percent play the lottery. And of that percentage, 65 percent would continue to live frugally it they happened to win big.

But would a frugal life include keeping their job and continuing to draw their salary?

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Category: Lawton News Tags: , ,
goodncrazy, Flickr
goodncrazy, Flickr
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Giving Kids an Allowance May Do More Harm Than Good — Dollars and Sense

For years, the prevailing wisdom behind doling out allowances to kids has been that the practice helps children learn about budgets, which, in turn, leads to better spending habits when they grow up — assumptions that may not be true.

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Category: Family, Kids Tags: , ,
Christopher Furlong, Getty Images
Christopher Furlong, Getty Images
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Man Fakes ‘Bingo’ Then Returns $400 Jackpot

What has 100 balls and screws old ladies? This guy.

Bingo brings out the worst in humanity. The competitive thrill of shouting “BINGO!” when finding out you’ve won is unlike any feeling known to man. Elderly men and women bask in the glory of playing and winning this game but the fact that a western Pennsylvania man cheated, claimed to have bingo and collected the prize jackpot while playing at Mary Mother of Hope’s parish hall about an hour outside of Pittsburgh is downright right despicable.

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Category: Weird News Tags: ,
espensorvik, Flickr
espensorvik, Flickr
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Americans Are Spending Money Again — Dollars and Sense

Economically, it’s been a rough few years. But things seem to be improving — a new survey says that for the first time since 2009, Americans aren’t pinching pennies quite the way we used to.

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jmrosenfeld, Flickr
jmrosenfeld, Flickr
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Does Drinking More Booze Mean the Economy Is Improving?

Check all the charts and graphs you want, but finding proof of financial optimism may be as simple as visiting your local liquor store.

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Category: Weird News Tags: , ,
goowill
WQAD.COM
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Man Donates Suit To Goodwill And Loses Life Savings[VIDEO]

An elderly 80-year-old Illinois man decided to be generous this holiday season and donate some clothes to the local Goodwill in Moline, Illinois which include a suit coat the only problem is the elderly man  doesn't  trust banks, had kept his life savings of $13,000 sewn inside the lining of one of his suits. He is currently appealing for the money's return so that he can care for his wife, who has Stage 4 cancer. If ever there was a need for a holiday miracle this would be it. Hopefully the money will be returned

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