A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card customers, as long as they spent $3,000 within 90 days. But according to plaintiff Jean-Baptiste Boyer-Gomez, the bank has routinely […]
The post Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics appeared first on The Daily Hodl.
Millions of Americans are now at risk of financial fraud, identity theft and privacy violations after a massive data trove was leaked online, according to a digital security firm. Personal data security firm Leakd says it’s discovered five terabytes of screenshots online containing five million unique credit card and debit card numbers, as well as […]
The post Massive Leak Exposes 5,000,000 Credit and Debt Card Numbers, Along With Customers’ Financial Records and Personal Details: Data Protection Firm appeared first on The Daily Hodl.
Venmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into […]
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.
The U.S. Department of Justice (DOJ) is suing payments giant Visa for allegedly maintaining an illegal market monopoly to keep smaller competitors in check. In a press release, the DOJ says it’s filing a civil antitrust lawsuit against Visa, accusing the payments firm of illegally maintaining dominance over the debit network markets. Antitrust laws were […]
The post $7,000,000,000 in Fees Drained From Customers and Businesses Every Year in Visa’s Alleged Monetary Monopoly: US Department of Justice appeared first on The Daily Hodl.
US banks are increasingly offloading billions of dollars in bad debt that they’ve officially given up on collecting, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its new Quarterly Banking Profile report, the FDIC says US banks reported $21.3 billion in net charge-offs in the second quarter of the year, due […]
The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge appeared first on The Daily Hodl.
US banks are increasingly offloading billions of dollars in bad debt that they’ve officially given up on collecting, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its new Quarterly Banking Profile report, the FDIC says US banks reported $21.3 billion in net charge-offs in the second quarter of the year, due […]
The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge appeared first on The Daily Hodl.
A JPMorgan Chase customer is looking for answers after the bank abruptly allowed 35 unauthorized users to access her credit card. Northern California-based Jodi Hayes says she discovered a long list of unknown names were granted access to her card while she was on vacation, reports ABC 7 News. While on a cruise, Hayes says […]
The post JPMorgan Chase Allows 35 Strangers To Access Customer’s Credit Card in Financial ‘Fiasco’: Report appeared first on The Daily Hodl.
Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned automatically but will instead borrow up to 30% of the capital […]
Prominent decentralized exchange (DEX) aggregator 1inch is announcing a major partnership with payments giant Mastercard to create a debit card that will allow consumers to make purchases with either crypto or fiat funds. 1inch (1INCH) is announcing the launch of a partnership with Mastercard and Crypto Life to create a web3 debit card. According to […]
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