The family of a high net-worth investor who’s suffering from dementia claims the banking giant took advantage of an ailing man and squandered a $50 million fortune. Yoon Doelger says her now 86 year-old husband Peter had begun treatment for dementia when he signed a letter absolving the bank of liabilities for losses incurred as […]
The post JPMorgan Chase Accused of Destroying $50,000,000 Fortune With Risky Bets As Investor Slipped Into Dementia appeared first on The Daily Hodl.
The Consumer Financial Protection Bureau (CFPB) says U.S. Bank will pay $35.7 million in fines for freezing tens of thousands of prepaid debit card accounts and making it difficult for people to regain access at the height of the pandemic. The agency says the bank blocked out-of-work Americans from accessing unemployment benefits on their ReliaCard […]
The post U.S. Bank Pays $35,700,000 Fine for Freezing Tens of Thousands of Accounts at Height of Pandemic, Blocking Unemployment Benefits Without Proper Recourse: CFPB appeared first on The Daily Hodl.
A North Carolina couple is suing banking giants Wells Fargo and Truist after thousands of dollars allegedly disappeared without a trace. Court documents show Kevin Kohl and Taylor Goodnough accuse the banks of violating the Electronic Funds Transfer Act and engaging in unfair and deceptive trade practices and breach of contract, reports Triangle Business Journal. […]
The post $10,000 Exits Wells Fargo Account and Allegedly Vanishes, Triggering Lawsuit Against Two US Banks: Report appeared first on The Daily Hodl.
An JPMorgan Chase customer says she’s practically homeless after the bank froze and then terminated her account when she deposited a government check. Lois White was thrilled when she found out she’s one of the 800,000 Americans who qualified for a one-time payment adjustment that forgave her student loans, reports the Atlanta-based ABC-affiliated news station […]
The post JPMorgan Chase Abruptly Freezes, Terminates Account After Customer Deposits $5,298, Refusing All Attempts To Verify Transaction: Report appeared first on The Daily Hodl.
A US bank with $20.5 billion in assets, loans, and deposits will send at least $5 million to thousands of customers after allegedly harvesting millions of dollars in illegal overdraft fees. The Consumer Financial Protection Bureau (CFPB) says Atlantic Union Bank enrolled thousands of people in checking account overdraft programs without proper consent. The agency […]
The post Billion-Dollar Bank Sending $5,000,000 to Customers After Illegally Harvesting Millions in Fees: CFPB appeared first on The Daily Hodl.
A man in Atlanta, Georgia says someone stole $2,000 from his Wells Fargo account in an unauthorized withdrawal – and the banking giant refuses to accept responsibility. Luther Tarwick tells the ABC-affiliated news station WSB-TV that he’s a victim of a bad actor who illegally obtained access to his Wells Fargo account and drained $1,960. […]
The post Wells Fargo Refuses to Reimburse Customer After $1,960 Disappears in Unauthorized Withdrawal: Report appeared first on The Daily Hodl.
A woman who watched scammers steal $46,000 from her bank account says she went all-out after JPMorgan Chase denied her claim. California resident Amanda Moon says her phone was recently taken over by thieves in a SIM-swap attack, reports ABC 7 News. Moon says the loss turned her life upside down when Chase rejected her […]
The post JPMorgan Chase Denies Claim After $46,000 Stolen From Customer’s Bank Account – But This Client Refused to Take ‘No’ for an Answer appeared first on The Daily Hodl.
A man who says he’s banked with JPMorgan Chase for 18 years has gone viral after accusing the bank of terminating his account with zero warning or explanation. A post on the social site Reddit caught fire as the user reported his Chase cards abruptly stopped working, with his online banking access simultaneously cut off. […]
The post JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business appeared first on The Daily Hodl.
A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy US citizens hide a staggering $5.6 billion in assets. According to the Justice Department, Banque Pictet & Cie allowed Americans to secretly hold billions of dollars in 1,637 bank accounts from 2008 to 2014. Officials at the Justice Department […]
The post Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts appeared first on The Daily Hodl.
One of the largest banks in France is reportedly becoming the first traditional finance (TradFi) institution to issue its very own stablecoin. According to a new report by The Financial Times, French bank Societe Generale (SocGen) has launched its own Euro-pegged digital asset – dubbed the EUR ConVertible – on the Luxembourg-based crypto exchange platform […]
The post Societe Generale To Become First TradFi Bank To Launch a Stablecoin, Plans Debut on Bitstamp: Report appeared first on The Daily Hodl.
