Crypto.com has officially launched its crypto asset services across all European Economic Area (EEA) states, according to a Feb. 12 X post. …
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Regulation
Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash
by shayaanby shayaanTwo Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly serving their …
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Regulation
Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest
by shayaanby shayaanThe Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading and cheating …
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Finance
US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies
by shayaanby shayaanDefaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports …
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Regulation
Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers
by shayaanby shayaanThe second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing …
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Regulation
$19,800,000 To Be Handed To Apple Customers in Settlement With US Regulator and Trillion-Dollar Bank
by shayaanby shayaanA US regulator has announced a settlement with Goldman Sachs and Apple that will send nearly $20 million to Apple customers. The …
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Regulation
JPMorgan Chase Paying $100,000,000 To Customers As Bank Settles Wave of Allegations From U.S. Securities and Exchange Commission
by shayaanby shayaanJPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The …
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