Capital one

US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies

January 5, 2025 The Daily Hodl

bank

Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data […]

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Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

$600,000 Drained From Woman’s Bank Accounts As Morgan Stanley, JPMorgan Chase Issue Repeated Warnings To Customer: Report

December 7, 2024 The Daily Hodl

bank

An elderly woman has lost her life savings to a sophisticated scam amid warnings from JPMorgan Chase and Morgan Stanley, according to a new report. Retired therapist Judith Boivin lost about $600,000 after scammers made her believe she was an integral part of an undercover government operation, reports The Washington Post. Boivin says the bad […]

The post $600,000 Drained From Woman’s Bank Accounts As Morgan Stanley, JPMorgan Chase Issue Repeated Warnings To Customer: Report appeared first on The Daily Hodl.

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Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

$34,000,000,000 Owed To Customers at American Express, JPMorgan Chase and Capital One As Reward Hoarders Get Squeezed: Report

October 11, 2024 The Daily Hodl

American Express

Customers at American Express, JPMorgan Chase and Capital One have racked up billions of dollars in unspent credit card points – but the value of those rewards is decaying. The financial giants’ customers are sitting on a staggering $34 billion worth of unused rewards as of 2023, reports the Wall Street Journal, citing annual reports. […]

The post $34,000,000,000 Owed To Customers at American Express, JPMorgan Chase and Capital One As Reward Hoarders Get Squeezed: Report appeared first on The Daily Hodl.

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Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

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

September 8, 2024 The Daily Hodl

bank

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 […]

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US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report

June 30, 2024 The Daily Hodl

Banks

Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report. The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times. The Times points to Goldman Sachs and Citigroup, […]

The post US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report appeared first on The Daily Hodl.

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US Banking Giant Accused of Refusing To Reimburse Customers, Denying Millions of Dollars in Fraud Claims ‘Without Any Explanation Whatsoever’

June 22, 2024 The Daily Hodl

bank

A new class-action lawsuit accuses one of the largest banks in the US of failing to properly investigate and handle fraud claims while wrongfully denying customers millions of dollars in reimbursement. The proposed suit, filed by Leah Walton on behalf of herself and others similarly situated, says the plaintiff’s problems began when her Capital One […]

The post US Banking Giant Accused of Refusing To Reimburse Customers, Denying Millions of Dollars in Fraud Claims ‘Without Any Explanation Whatsoever’ appeared first on The Daily Hodl.

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Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024