June 29, 2022
Class-Action Lawsuit Dropped Against Wells Fargo, Zelle
A class-action lawsuit launched against banking giant Wells Fargo and digital payments network Zelle was dropped, Law360 reported. Seattle resident Luke Hartsock claimed he was scammed out of $7,500 and...
June 27, 2022
Today in the Connected Economy: Tencent Invests in the Metaverse
Today in the connected economy, China’s Tencent Holdings launches an extended reality unit in a bid to branch out into the metaverse. Also, Microsoft Qatar partners with FinTech startup CWallet...
June 27, 2022
Today in FinTech: Rent Without a Security Deposit; Kroo Granted...
In today’s FinTech news, tenants can rent without a security deposit using a new solution from Obligo and Wells Fargo that offers landlords a letter of credit. Plus, despite the...
June 27, 2022
Obligo Partners With Wells Fargo for No-Deposit Product for Landlords,...
FinTech rental management platform Obligo is partnering with banking giant Wells Fargo to expand its product offerings and will now be the only security deposit alternative utilizing bank-issued letters of...
June 27, 2022
Wells Fargo Continues Credit Push With Autograph Card
Wells Fargo will roll out a series of rewards cards, starting next month with the launch of its Autograph Card. The card is the latest in the banking giant’s efforts...
June 21, 2022
Citi Removes Overdraft, Returned Item Fees on Retail Banking Accounts
Citi has removed overdraft, overdraft protection transfer and returned item fees from Citi Retail Banking consumer deposit accounts, with the changes having gone into effect Sunday (June 19), according to...
June 20, 2022
Report: Banks Resist Refunds for Unauthorized Zelle Payments
A slew of regulatory issues and new methods of stealing money from peoples’ bank accounts are changing how banks handle fraud and theft claims, The New York Times reported Monday...
June 15, 2022
Lawmakers Call for Halt of TD’s $13B First Horizon Deal
A group of lawmakers led by U.S. Sen. Elizabeth Warren (D-Massachusetts) has asked the Office of the Comptroller of the Currency to halt TD Bank’s $13.4 billion purchase of Tennesee’s...
June 15, 2022
Retail Sales Turn Negative, Reflect Broad-Based Consumer Caution
U.S. retail sales unexpectedly fell 0.3% in May from a downwardly revised 0.7% pace in April, extending a four-month slowdown and delivering the strongest proof yet that record high fuel...
