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$14,000,000 Handout for Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

,000,000 Handout for Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

Bank of America is preparing to hand $14 million to customers in a settlement over alleged hidden fees. The settlement will resolve allegations that the banking giant intentionally charged hidden fees on incoming wire transfers for both checking and savings account holders. Specifically, the bank is accused of purposefully levying and hiding $15 fees on […]

The post $14,000,000 Handout for Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Lawmaker Flags Concerns Over SEC’s Crypto Approach

Lawmaker Flags Concerns Over SEC’s Crypto ApproachCongressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertainty and a politicized approach. The lawmaker highlighted his subcommittee’s legislative successes but expressed frustration with the SEC’s broad and unclear regulations, which he argued burden digital asset […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Scammers Using AI to Clone Voices, Drain Bank Accounts As Deloitte Forecasts $30,000,000,000 in AI Losses by 2027

Scammers Using AI to Clone Voices, Drain Bank Accounts As Deloitte Forecasts ,000,000,000 in AI Losses by 2027

Artificial intelligence is fueling billions of dollars in losses to scams as criminals clone people’s voices to compromise credit cards and bank accounts. The classic scam where victims receive a call from a loved one asking for money is far easier with AI, WBTV reports. Cybersecurity expert Thomas Hyslip, who spent two decades in federal […]

The post Scammers Using AI to Clone Voices, Drain Bank Accounts As Deloitte Forecasts $30,000,000,000 in AI Losses by 2027 appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

JPMorgan Chase ‘Knowingly Assisted’ $119,000,000 Ponzi Scheme, New Lawsuit Alleges

JPMorgan Chase ‘Knowingly Assisted’ 9,000,000 Ponzi Scheme, New Lawsuit Alleges

Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors. Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev Acharya, the CEO of Silicon Sage Builders, which resulted in significant financial losses for investors. Stapleton says Acharya raised more than $119 million from 250 […]

The post JPMorgan Chase ‘Knowingly Assisted’ $119,000,000 Ponzi Scheme, New Lawsuit Alleges appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Fake $100 Bills Spew From US Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report

Fake 0 Bills Spew From US Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report

Customers at a billion-dollar bank say they’re shocked after a worthless trip to the ATM. More than a dozen people received counterfeit $100 bills marked “for motion picture purposes” and “in props we trust” when they visited an Independence Bank ATM in Providence, Kentucky, reports the NBC-affiliated news station WFIE. Among the victims is Tiffany […]

The post Fake $100 Bills Spew From US Bank’s ATM As Customers Receive Paper Marked For ‘Motion Picture Purposes’: Report appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

$512,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC

2,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC

The number of US banks with major issues is on the rise, according to the Federal Deposit Insurance Corporation (FDIC). The agency’s Second Quarter 2024 Quarterly Banking Profile shows the number of lenders on its “Problem Bank List” rose quarter-on-quarter from 63 to 66. It’s the fifth consecutive quarterly increase of banks rated 4 or […]

The post $512,900,000,000 in Unrealized Losses Hit US Banks As Number of ‘Problem Banks’ Rises To 66: FDIC appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft

Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft

The eighth-largest bank in the US by total assets is accused of secretly collecting personal and financial information from its customers and sharing the data with tech giants. A new class-action lawsuit alleges Capital One engaged in an “outrageous, illegal, and widespread practice of disclosing – without consent – the Nonpublic Personal Information and Personally […]

The post Billion-Dollar Bank Accused of Secretly Sending Customers’ Personal and Financial Information to Facebook, Google and Microsoft appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services

U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services

The U.S. Federal Reserve is hitting a Texas bank with a crypto-related cease and desist order, alleging that it violated several national laws. According to recent court documents, the Federal Reserve found that United Texas Bank had “significant deficiencies” in its corporate oversight, governance, and anti-money laundering (AML) protocols after launching an investigation into the […]

The post U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

JPMorgan Chase Allegedly Allows $205,542 Withdrawal After Bank of America Warns Cash Is Stolen, Belongs To Customer

JPMorgan Chase Allegedly Allows 5,542 Withdrawal After Bank of America Warns Cash Is Stolen, Belongs To Customer

JPMorgan Chase is accused of allowing hundreds of thousands of dollars to exit a scammer’s account after the bank was warned of fraudulent activity. A new lawsuit from Massachusetts-based Baystate Health says the health care company fell for an email scam in November of 2022 and wired $700,000 to a fraudulent account at JPMorgan Chase. Baystate […]

The post JPMorgan Chase Allegedly Allows $205,542 Withdrawal After Bank of America Warns Cash Is Stolen, Belongs To Customer appeared first on The Daily Hodl.

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States