Wells Fargo may, at times, seem to be on some sort of mission to see how many distinct groups can sue the bank before the year’s end — this week a new, and perhaps unexpected, demographic segment has entered the fray. Get the Full Story...
Federal Reserve Bank of New York Head William Dudley has violated code of conduct rules, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Wells Fargo revealed Thursday (Aug. 31) that the fake account scandal that has plagued the company affected 67 percent more customers than previously reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Australia has officially closed a legal loophole such that as of today, it is no longer legal to charge a credit card surcharge that is higher than the cost of taking the payment itself. That adds up to about a 1.5 percent interchange fee for...
Noting that the CFPB had “blatantly” ignored his directions, a federal judge in Atlanta has officially dismissed the case against Atlanta-based payment processor Global Payments and three others for allegedly aiding fraudulent debt collectors. Get the Full Story Complete the form to unlock this article and...
A Nevada homeowner has filed a lawsuit accusing Wells Fargo & Co of improperly forcing thousands of U.S. customers to lock in home interest rates when their mortgage applications were delayed. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. branch. Get the Full Story Complete the form to unlock this article and...
Federal Reserve Chair Janet Yellen defended financial reforms that were put in place after the Great Recession, arguing they have strengthened the financial system and haven’t hurt economic growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
New cyber-rules are taking effect in New York state, with wide-ranging impact for financial services players near and far. Brexit gets down to business on data protection, and Down Under, underworld activities are raking in the (digital) dollars.
