Tag: Consumer Financial Protection Bureau
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$10,000 Exits Wells Fargo Account and Allegedly Vanishes, Triggering Lawsuit Against Two US Banks: Report – The Daily Hodl
A North Carolina couple is suing banking giants Wells Fargo and Truist after thousands of dollars allegedly disappeared without a trace.
Court documents show Kevin...
BNPL Profitability Remains Elusive Despite Rising Adoption – Fintech Singapore
by Fintech News Singapore December 20, 2023 Buy now, pay later (BNPL) arrangements, a type of short-term...
Billion-Dollar Bank Sending $5,000,000 to Customers After Illegally Harvesting Millions in Fees: CFPB – The Daily Hodl
A US bank with $20.5 billion in assets, loans, and deposits will send at least $5 million to thousands of customers after allegedly harvesting...
FedNow and the Looming Challenge of Authorized Push Payment Fraud
The advent of
FedNow, the Federal Reserve Bank's instant payments network, has ushered in a
new era of real-time capabilities. However, alongside this innovation, concerns
are mounting...
US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans
Recently, four US Senators - Bob Casey (D-PA), Richard Blumenthal (D-CT), John Fetterman (D-PA), and Kirsten Gillibrand (D-NY) - expressed deep concern about the...
Bank of America To Pay $12,000,000 Fine for Repeatedly Sending False Information To Federal Regulators
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-->One of the largest banks in the country, Bank of America, is getting slapped with a multi-million dollar fine...
Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators – The Daily Hodl
One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB).
The agency...
Where is the Apple payment and Crypto suit headed?
Apple is facing a new class-action lawsuit by users of Venmo and CashApp, who claim that Apple conspired to limit peer-to-peer (P2P) payment options...
Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB – The Daily...
The Consumer Financial Protection Bureau (CFPB) says it’s ordering financial giant Citibank to shell out over a million dollars to potential customers who were...
Lending Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements – The Daily Hodl
One of the largest licensed lenders in the US will pay a $15 million fine for “widespread illegal conduct” including withdrawing funds from customers’...
Crypto && Coffee 146
Crypto && Coffee 146November 17, 2023CipherTrace EngineeringTechnology Recap:BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More:Ethereum:Christine Kim of Galaxy provides the...
CFPB Wants to Oversee Large Nonbank Digital Payment Providers
By Jeremy McLaughlin, Andrew Hinkes, and Josh Durham
Yesterday the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking...
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