Ever sent money using Zelle? You might want to hear this. The Consumer Financial Protection Bureau (CFPB) is suing the three biggest banks in the US. Why? They say these banks aren't doing enough to protect Zelle users from fraud. Zelle is a payment app that banks like JPMorgan, Bank of America, and
Recently, a federal judge in Delaware gave some guidance on the WARN Act claims from Yellow Corp. ’s former employees. They argue they weren't properly notified ahead of mass layoffs in July 2023. The judge said Yellow was correct in using some defenses, but the notices given were "insufficient. " T
In 2020, Bank of America informed financial regulators about suspicious payments made by billionaire Leon Black to Jeffrey Epstein, the late accused financier. The bank filed two reports, known as “suspicious activity reports” (SARs), with law enforcement. These reports are meant to flag potential c
In the world of trucking, getting paid quickly has always been a challenge. The freight industry often relies on factoring to ensure carriers get their money fast. But this process hasn't changed much over the years, and it still faces delays, especially over weekends and holidays. One company, Out
Imagine having to pay $35 just for buying a $5 coffee with your debit card when you're a bit short on funds. Sounds unfair, right? Well, the Consumer Financial Protection Bureau (CFPB) thinks so too. They've just announced a new rule to limit those nasty overdraft fees. The rule says banks can't cha
On Tuesday night, a bankruptcy judge decided not to approve The Onion's parent company's bid to buy Alex Jones' Infowars media empire. The judge, Christopher Lopez, felt the $1. 75 million cash offer wasn't high enough. The bid also included a non-cash part where some Sandy Hook families, who were v
In Denton, Texas, a city once promise by crypto mining, the future is now in AI. Core Scientific, once a major crypto miner, is rebranding as an AI supercomputer hub. With a boost in power, they aim to create jobs and revenue. But the switch from volatile crypto to AI isn't simple, and not everyone'
Comerica Bank is in hot water with the Consumer Financial Protection Bureau (CFPB). The bank had a deal with the U. S. Treasury to manage federal benefits on prepaid debit cards, used mainly by the elderly and disabled. But the CFPB says Comerica hasn't been treating these customers fairly. Since 20
Alexander Mashinsky, the founder and former CEO of the failed crypto lending platform Celsius Network, has pleaded guilty to federal fraud charges. He admitted to manipulating the price of Celsius’s crypto token and lying to customers about the company's practices. Mashinsky, aged 58, entered his pl
Let's talk about one of the biggest fraud cases in Vietnam. Truong My Lan, the chairperson of Van Thinh Phat real estate firm, was at the center of it all. The court upheld her death sentence, and the story behind it is quite shocking. Lan was accused of embezzling and bribing her way to control Sai
