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Financeflux

Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB

The Consumer Financial Protection Bureau (CFPB) says it's ordering financial giant Citibank to shell out over a million dollars to…

November 18, 2023

Lending Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements

One of the largest licensed lenders in the US will pay a $15 million fine for "widespread illegal conduct" including…

November 17, 2023

JPMorgan Chase Rejects Customer After $11,000 Stolen From Bank Account, Victim Says Money ‘Almost Safer in My Pocket’

JPMorgan Chase says news that a scammer stole $11,000 from a retired postal worker's account is heartbreaking – but the…

November 17, 2023

$491,900,000,000 in US Treasuries Dumped by China in Decade As Country’s US Debt Holdings Hit 14-Year Low

The second-largest economy in the world has been steadily unloading hundreds of billions of dollars worth of US government-backed securities…

November 17, 2023

$174,303,000,000 in Deposit Flight Hits US Banks in Three Months As S&P Global Declares Banking Industry Is ‘Gradually Shrinking’

New numbers are shedding light on the multi billion-dollar flow of capital out of the US banking system. In a…

November 11, 2023

$120,000 Exits Citibank Account in Mysterious Scam – And Bank Tells Customer to Get Lawyer

A resident of Skokie, Illinois is suing banking giant Citibank on behalf of his disabled sister over the sudden disappearance…

November 11, 2023

Wells Fargo Refuses To Refund Customer After Thousands of Dollars Allegedly Exits Bank Account Without Authorization: Report

One of America's biggest banks is reportedly refusing to reimburse a customer after thousands of dollars vanished from his account.…

November 10, 2023

JPMorgan Chase and Citibank Are Abruptly Terminating Accounts, Triggering Chaos and Confusion for Customers: Report

A new report is calling out JPMorgan Chase, Citibank and the US banking system at large for kicking loyal customers…

November 10, 2023

$5,940,000 in Cash Handouts Incoming As US State Becomes New Guaranteed Income Testing Ground

Millions of dollars will soon be given away with no strings attached as new guaranteed income programs launch on the…

November 10, 2023

‘They’re Gonna Print the Money’: Investor Luke Gromen Says US Government Will Be Forced Into QE To Avert Crisis

Macro investor Luke Gromen says the US government will soon be forced to print more money to address its rising…

November 6, 2023