Customers
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Regulation
Tyler Winklevoss criticizes the Fed’s crackdown on Customers Bank
Crypto exchange Gemini co-founder Tyler Winklevoss called the “reset” of the crypto stance of Vice President Kamala Harris a “scam”…
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Regulation
Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report
Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers…
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Regulation
U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services
The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of…
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Regulation
JPMorgan Chase’s Plan to Charge 80,000,000 Customers for Basic Checking Accounts and Services Is ‘Outrageous,’ Say US Senators in Blistering Response to Banking Giant
JPMorgan Chase is already hearing from US lawmakers after declaring it may soon impose unprecedented fees on its 80 million-plus…
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Regulation
US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims
A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered…
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Regulation
Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers
A Texas-based bank holding company is agreeing to pay a $44 million fine to the Federal Reserve for a long…
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Regulation
UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers
UK’s Financial Conduct Authority (FCA) says it imposed a fine of £3,503,546 or about $4.5 million on CB Payments Limited…
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Regulation
JPMorgan Chase, Wells Fargo and Bank of America Playing ‘Heads I Win, Tails You Lose’ With Customers As Hundreds of Millions of Dollars Disappears on Zelle: US Senator Richard Blumenthal
A group of banking giants led by JPMorgan Chase, Wells Fargo and Bank of America are playing a dangerous game…
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Regulation
Billion-Dollar Bank To Pay $20,000,000 Fine After Hitting Customers With ‘Illegal, Worthless Fees’ and Illegally Triggering Asset Seizures: CFPB
The Consumer Financial Protection Bureau (CFPB) is penalizing a US bank for predatory loan practices and illegal repossession of people’s…
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Regulation
Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice
The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from…
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