Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. As Bloomberg News reported, Prime Minister Kyriakos Mitsotakis told lawmakers on Sunday (Dec. 15) that efforts by banks to lower administrative costs for customers “were not enough.” Mitsotakis announced a...
The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. The Federal Trade Commission (FTC) is taking Delaware-based Dave Inc. to court, according to a Tuesday (Nov....
America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday (Oct. 13). A new CFPB report looks at the terms and fees connected to banking products marketed to students by...
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. As Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster,...
November 11, 2019
Challenger banks — financial firms offering something much like banking services, and looking to compete with old-school banks — are a new idea. The basic structure that underlies them is not. As Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster, the model that most so-called challenger banks offer is basically […]
December 31, 2024
Mobile banking app Dave is pushing back against claims in a new government lawsuit. The Department of Justice (DOJ) filed a suit Monday (Dec. 30) against the FinTech and its CEO Jason Wilk, alleging they violated federal law by deceptively advertising Dave’s cash advances, charging hidden fees, misrepresenting how Dave uses the “tips” paid by customers and levying recurring […]
December 15, 2024
Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. As Bloomberg News reported, Prime Minister Kyriakos Mitsotakis told lawmakers on Sunday (Dec. 15) that...
November 06, 2024
The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. The Federal...
October 13, 2022
America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday (Oct. 13). A new CFPB...
