The Department of Justice (DOJ) released a report Monday (June 6) that urged the U.S. to strengthen its coordination with other nations to investigate and combat crimes involving digital assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
At this point, it’s not a matter of if a business will be victimized by fraud; it’s a matter of when. That air of inevitability, though, doesn’t mean company leaders should sit back and let it happen to them. Get the Full Story Complete the...
Crypto fraud claimed more than $1 billion in losses from consumers between January 2021 and March 2022, according to a Friday (June 3) press release from the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition Law, according to the legal proceedings filed by Kazerouni Law Group. Get the Full Story Complete the form to unlock...
Security is an essential component in determining whether a consumer trusts their financial provider, but so too is a good user experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Today is Thursday, June 2, and Britain is celebrating its longest-reigning monarch, Queen Elizabeth II, in her Platinum Jubilee year. For regular people, that means an extra day off as the region’s customary bank holiday was adjusted for the celebration, leaving most people off from...
The Federal Trade Commission will send 1,064 checks totaling over $542,000 to consumers harmed by a fake investment scheme, an agency press release said Wednesday (June 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to an agency press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A couple prosecutors say tried to launder $4.5 billion in cryptocurrency connected to the 2016 hack of crypto exchange Bitfinex are negotiating a possible plea deal with prosecutors, according to court documents. Get the Full Story Complete the form to unlock this article and enjoy...
