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Fintech

Bank of America Handing $2,850,000 To Customers in Settlement Over Alleged Illegal Fees and Account Restrictions

Bank of America has agreed to a settlement that will require the second-largest US bank to shell out about $2.85…

April 11, 2025

Wells Fargo Ordered To Pay $832,000,000 in Damages After Jury Finds Lender Mismanaged and Charged Unauthorized Fees on Trust Fund for 2,000 Children

Wells Fargo is on the hook for hundreds of millions of dollars after a jury in Florida found the bank…

April 5, 2025

JPMorgan Chase, Bank of America, Capital One, TD Bank, First Republic Accused of Abruptly Terminating Bank Accounts During Alleged Lawfare Assault on Donald Trump

A total of five US lenders are now accused of abruptly terminating bank accounts for political reasons, as the Trump…

April 1, 2025

President Trump’s World Liberty Financial Announces Launch of ‘Institutional-Ready’ Stablecoin USD1

President Trump-backed World Liberty Financial is announcing plans to launch a new stablecoin on Tuesday that would be aimed at…

March 25, 2025

Trump Sues Capital One After Slamming Bank of America, JPMorgan Chase Over Abrupt Bank Account Terminations

The Trump organization just filed a lawsuit against US banking giant Capital One, accusing the lender of unjustly terminating more…

March 7, 2025

Lawsuit Accusing JPMorgan Chase, Wells Fargo, Bank of America and Zelle of Failing To Protect Customers From $870,000,000 in Losses Abruptly Dropped by US Government

The Consumer Financial Protection Bureau (CFPB) has abruptly dropped a lawsuit accusing JPMorgan Chase, Wells Fargo, Bank of America and…

March 4, 2025

JPMorgan Chase Loses Package Containing Customers’ Sensitive Data, Warns Bank Account Info Could Be At Risk

JPMorgan Chase is disclosing a potential data breach to customers. In a new filing with the Massachusetts state government, Chase…

March 3, 2025

Third-Largest US Bank Adds $81,000,000,000,000 To Customer’s Account Balance in Massive Payment Error

The third-largest bank in the US accidentally credited trillions of dollars to a customer's balance in a massive payment error,…

March 1, 2025

Jamie Dimon Abruptly Dumps $233,770,000 in JPMorgan Chase Stock As Bank’s Shares Tap All-Time High

JPMorgan Chase CEO Jamie Dimon just sold a massive amount of his company’s stock. New SEC filings show Dimon sold…

February 22, 2025

JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

JPMorgan Chase, Wells Fargo and Bank of America say they've lost $5.188 billion from customers who have been declared unable…

February 21, 2025