Defaults 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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