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Fintech

JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year

JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month,…

February 19, 2025

JPMorgan Chase Workers Demand Jamie Dimon Reverse New 5-Day In-Office Workweek, Call Rule ‘Great Leap Backward’

JPMorgan Chase employees are banding together to call on the bank's CEO to back down on his demand for a…

February 17, 2025

Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC). New SEC filings…

February 16, 2025

USDT Issuer Tether Backs Multichain Crypto Wallet Zengo To Boost Stablecoin Adoption

The firm behind the biggest US dollar-pegged stablecoin by market cap is throwing its considerable weight behind a new multichain…

February 11, 2025

JPMorgan Chase Abruptly Freezes Customer’s Bank Account, Refuses To Release $65,000 for Nine Months: Report

A Chase Bank customer has reportedly been cut off for nine months after trying to cash a $65,000 check issued…

February 8, 2025

$483,857,000,000 Bank Accused of Denying Customers’ Access to Funds for Days, Depriving Account Holders of Ability To Buy Basic Necessities

One of the largest banks in the US denied customers access to their money for days and placed their lives…

February 8, 2025

$735,000 To Be Handed Out After Billion-Dollar Firm Allegedly Froze Bank Accounts, Forced Customers To Pay ‘Outrageous’ Fees

A billion-dollar fintech firm is preparing to send a total of $735,000 to tens of thousands of customers in a…

February 7, 2025

Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report

A former JPMorgan Chase employee is accusing America’s largest lender of systematically misreporting key indicators that the Federal Reserve uses…

February 1, 2025

US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts

Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits…

January 31, 2025

Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading…

January 24, 2025