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Tag: Financial Protection

JPMorgan Chase Allegedly Refuses to Reimburse Customer After Thief Launches $1,500 Spending Spree on Uber: Report – The Daily Hodl

JPMorgan Chase is accused of refusing to stand by a customer after a thief launched an alleged $1,500 unauthorized spending spree on Uber. A post...

$10,000 Exits Wells Fargo Account and Allegedly Vanishes, Triggering Lawsuit Against Two US Banks: Report – The Daily Hodl

A North Carolina couple is suing banking giants Wells Fargo and Truist after thousands of dollars allegedly disappeared without a trace. Court documents show Kevin...

BNPL Profitability Remains Elusive Despite Rising Adoption – Fintech Singapore

by Fintech News Singapore December 20, 2023 Buy now, pay later (BNPL) arrangements, a type of short-term...

Billion-Dollar Bank Sending $5,000,000 to Customers After Illegally Harvesting Millions in Fees: CFPB – The Daily Hodl

A US bank with $20.5 billion in assets, loans, and deposits will send at least $5 million to thousands of customers after allegedly harvesting...

FedNow and the Looming Challenge of Authorized Push Payment Fraud

The advent of FedNow, the Federal Reserve Bank's instant payments network, has ushered in a new era of real-time capabilities. However, alongside this innovation, concerns are mounting...

US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans

Recently, four US Senators - Bob Casey (D-PA), Richard Blumenthal (D-CT), John Fetterman (D-PA), and Kirsten Gillibrand (D-NY) - expressed deep concern about the...

Spotlight on AI, digital assets at House subcommittee hearing

The House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion convened a pivotal hearing on Dec. 5, to hear from high-ranking representatives...

How Crypto Investors Behave — And Why The Industry Needs Regulation | MIT Sloan – CryptoInfoNet

open share linksclose share linksInstability has plagued cryptocurrency markets since the collapse of the Terra Luna and FTX exchanges in 2022. Concern only...

Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators – The Daily Hodl

One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB). The agency...

Where is the Apple payment and Crypto suit headed?

Apple is facing a new class-action lawsuit by users of Venmo and CashApp, who claim that Apple conspired to limit peer-to-peer (P2P) payment options...

California is Seeking Industry Input on New Crypto Rules

By: Jeremy McLaughlin and Josh Durham The California Department of Financial Protection and Innovation (DFPI) is requesting comments on potential rules...

How US States are Cracking Down on Metaverse and Crypto Scam

Several U.S. states, including California and Texas, have taken decisive legal action against GS Partners. The company is accused of engaging in fraudulent investment schemes...

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