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Fintech

$14,000,000 Handout To Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

Bank of America is preparing to hand $14 million to customers in a settlement over alleged hidden fees. The settlement…

September 20, 2024

Fake $100 Bills Spew From Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report

Customers at a billion-dollar bank say they're shocked after a worthless trip to the ATM. More than a dozen people…

September 14, 2024

$197,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement

Visa and Mastercard are preparing to pay a massive settlement to US bank customers over controversial ATM fees. The settlement…

September 13, 2024

Tether, TRON and TRM Labs Form New ‘Crime Unit’ To Combat Illicit Use of USDT

Three major players in the crypto space are teaming up to prevent the improper use of USDT, the largest stablecoin…

September 10, 2024

Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft

The eighth-largest bank in the US by total assets is accused of secretly collecting personal and financial information from its…

September 8, 2024

$6,440,000,000,000 Piled Into Money Market Funds As Bank of America Warns Rate Cuts Won’t Fuel Rotation To Stocks

The amount of capital invested in money market funds has surged to a record level with a potential Fed rate…

September 1, 2024

JPMorgan Chase, Bank of America and Wells Fargo Allegedly Reap Billions of Dollars on Backs of Misled Customers As Lawsuits Hit Multiple Financial Giants

A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars.…

August 31, 2024

Bankrupt Crypto Lender Celsius Distributes $2,530,000,000 to Creditors

Defunct crypto lending platform Celsius Network is paying back billions to creditors. Last year, a US judge approved a bankruptcy plan…

August 27, 2024

Billion-Dollar Bank Apologizes After Accusing Client of Scam in ‘Kafkaesque’ Money Freeze: Report

British banking giant Starling Bank has apologized to a client after reportedly blocking his money transfer and forcing him to…

August 25, 2024

Wells Fargo Accused of Overcharging Tens of Thousands of Customers, Offering ‘Illusory and Wholly Inadequate’ Compensation for Damages

A Wells Fargo customer is accusing the third-largest US bank of overcharging consumers in a new proposed class-action lawsuit. The…

August 25, 2024