UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers by Angela Tan July 27, 2024 0 UK’s Financial Conduct Authority (FCA) says it imposed a fine of £3,503,546 or about $4.5 million on CB Payments Limited ...
JPMorgan Chase, Wells Fargo and Bank of America Playing ‘Heads I Win, Tails You Lose’ With Customers As Hundreds of Millions of Dollars Disappears on Zelle: US Senator Richard Blumenthal by Angela Tan July 26, 2024 0 A group of banking giants led by JPMorgan Chase, Wells Fargo and Bank of America are playing a dangerous game ...
Coinbase fined £3.5mn by UK regulator over ‘high-risk’ customers by Angela Tan July 26, 2024 0 Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Crypto exchange ...
Billion-Dollar Bank To Pay $20,000,000 Fine After Hitting Customers With ‘Illegal, Worthless Fees’ and Illegally Triggering Asset Seizures: CFPB by Angela Tan July 19, 2024 0 The Consumer Financial Protection Bureau (CFPB) is penalizing a US bank for predatory loan practices and illegal repossession of people’s ...
Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice by Angela Tan July 7, 2024 0 The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from ...
JPMorgan Chase, Bank of America and Wells Fargo To Testify After Allegedly Refusing To Reimburse $115,000,000 To Customers on Zelle: Report by Angela Tan July 7, 2024 0 JPMorgan Chase, Bank of America and Wells Fargo have reportedly agreed to testify at a US Senate hearing over hundreds ...
US Banking Giant Accused of Refusing To Reimburse Customers, Denying Millions of Dollars in Fraud Claims ‘Without Any Explanation Whatsoever’ by Angela Tan June 23, 2024 0 A new class-action lawsuit accuses one of the largest banks in the US of failing to properly investigate and handle ...
Bank of America Customers’ Information Illegally Accessed and Sold As Renegade Staffer Sparks Fraudulent Withdrawals: US Regulator by Angela Tan June 22, 2024 0 A US banking regulator says a Bank of America employee has illegally accessed customer accounts, leading to tens of thousands ...
JPMorgan Chase Accused of Leaking Customers’ Personal Information and Social Security Numbers in Secret Facebook Transmissions: Class-Action Lawsuit by Angela Tan June 18, 2024 0 A new proposed class-action lawsuit accuses JPMorgan Chase of illegally sending sensitive personal information on its own customers directly to ...
JPMorgan Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 in One Year To ‘Dirty Little Secret Called Zelle’: Senate Committee Chairman by Angela Tan June 8, 2024 0 JPMorgan Chase, Bank of America and Wells Fargo are failing to protect customers from hundreds of millions of dollars in ...