A new scam is hitting US bank accounts by starting with an unusual target – people’s photos on social media. In a warning to consumers, the Federal Trade Commission (FTC) says the scam begins with unsolicited messages on social media from someone who says they like a photo you took, and are willing to pay […]
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This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020.
Bitcoin price could see more upward momentum from the latest interest rate decision of the British central bank.
The Bank of England announced an interest rate cut of 0.25%, to the current 5% mark, on Aug. 1, bringing an end to one of the longest periods of heightened interest rates.
Bitcoin's (BTC) price could benefit from the surprise interest rate cut since economists were split on whether the bank will cut or hold its interest rates steady.
The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing […]
Since the inception of the digital euro, many critics have called the proposed digital currency a surveillance tool.
The digital euro will be one of the most private forms of electronic payment, according do a data protection official from the European Union.
On Oct. 2, 2020, the European Central Bank (ECB) released a report laying the groundwork for its central bank digital currency (CBDC), the digital euro.
The digital euro has been in its investigation phase since October 2021, during which ECB officials and bankers hypothesized about its possible design and purpose.
A Texas-based bank holding company is agreeing to pay a $44 million fine to the Federal Reserve for a long list of alleged consumer protection violations. The Federal Reserve Board of Governors says it has taken enforcement action against Green Dot for engaging in numerous unfair and deceptive practices and running a non-compliant consumer risk […]
The post Billion-Dollar Bank Paying $44,000,000 Fine for Allegedly Freezing Customers’ Accounts, Charging Hidden Fees, Deceiving Customers appeared first on The Daily Hodl.
A US banker has admitted to stealing millions of dollars from customers’ accounts in a 15 year-long scheme. The U.S. Attorney’s Office for the Western District of Missouri says 36-year-old Megan Lea Dougherty has pleaded guilty to one count of bank fraud for looting $2.393 million from over a dozen Exchange Bank of Missouri customer […]
The post $2,393,288 Drained From Customers’ Bank Accounts As Insider Falsifies Records, Transfers Funds to Herself and Family: US Department of Justice appeared first on The Daily Hodl.
The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s up from $32.59 trillion just one year […]
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JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the ability to pay their bills. In their new Q2 2024 reports, the banks say they’re significantly increasing the amount of capital they’re holding to cover potential losses from credit card and loan insolvencies – collectively […]
The post JPMorgan Chase, Bank of America and Wells Fargo Quietly Brace for Customers’ Financial Fallout Amid Increasing Economic Uncertainty appeared first on The Daily Hodl.
A US bank says more than seven million people are affected by a major hack and data breach that’s impacting multiple financial firms and their customers. A new data breach notice at the Office of the Maine Attorney General shows a total of 7,640,112 customers at Evolve Bank & Trust have had their sensitive data […]
The post 7,640,112 Customers Hit By Massive Bank Breach – Exposing Names, Social Security Numbers, Locations and Bank Account Numbers appeared first on The Daily Hodl.
The lead developer of memecoin Shiba Inu (SHIB) says that web3-based operating systems are now needed after banks and other networks suffered a massive global outage last week. In a new post on the social media platform X, Shytoshi Kusama says that a decentralized web3 operating system could counter events such as the latest outage, […]
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