An ailing New York bank just announced an injection of $1 billion in capital in a push to stay afloat. New York Community Bank says the infusion was led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, as well as Hudson Bay and Reverence Capital. In a press release, Mnuchin says he believes […]
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An elderly couple in Chicago says thousands of dollars was abruptly stolen from their U.S. Bank account – and that was just the beginning of a banking nightmare. It started when the Zaragosas, who have been married 70 years, sent a $62 check in the mail to Nicor Gas to pay their bill, CBS Chicago […]
The post US Bank Customer ‘Feels Like a Criminal’ After Thousands Stolen From Account, Pleas for Help Ignored for Months: Report 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.
One of the largest banks in the US is accused of shutting down a customer’s account after receiving a couple of fake phone calls about his demise. A California crane operator who goes by the name as Crane Daddy on TikTok posted a video stating US Bank abruptly froze his account and sent a check […]
The post US Bank Accused of Abruptly Freezing Customer’s Account, Declaring Him Dead After Receiving Fake Phone Calls appeared first on The Daily Hodl.
A New York-based bank says a global cybersecurity incident has exposed sensitive customer data. In a letter to customers, M&T Bank says the exploit involves the file transfer tool MOVEit, which is used to securely send and receive confidential information. According to the bank, the attacker was able to access customer data by targeting one […]
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A wave of customer complaints about frozen accounts at a popular US bank has reportedly triggered a review from the Better Business Bureau. For the second week in a row, a group of customers at the Walmart and TurboTax-linked Green Dot Bank have said they are completely unable to access their funds, reports NBC News. […]
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Customers at a billion-dollar US bank say they have been unable to access their funds for days and weeks at a time. Green Dot Bank, which offers banking and debit card services to people who shop at Walmart, is accused of giving the runaround to a group of customers who are essentially locked out of […]
The post A US Bank Is Denying Access To Funds And Freezing Accounts, Leaving Customers in Dire Financial Straits: Report appeared first on The Daily Hodl.
Customers at one of America’s largest banks are reporting missing deposits on social media. People who bank with Wells Fargo say their direct deposits are not showing up in their accounts. Reports began to spread across the social media platform X on Thursday as frustrated account holders tried to track down their money. ?-heart attack. […]
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A US-based bank is handing over $15 million after being accused of engaging in deceptive practices against its customers for at least a decade. The Office of the Comptroller of the Currency (OCC) says MUFG Union Bank, which has been acquired by U.S. Bancorp, told customers they would receive a series of fee waivers and […]
The post Billion-Dollar Bank Pays $15,000,000 for Decade of ‘Deceptive Practices’ Against Its Customers appeared first on The Daily Hodl.
One of the largest banks in the US has agreed to pay a $250 million fine for imposing a series of illegal practices against its customers. According to the Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC), Bank of America charged hidden fees, withheld credit card rewards and opened […]
The post US Banking Giant Pays $250,000,000 Fine for Imposing Hidden Fees, Credit Card Fraud and Opening Customer Accounts Without Permission appeared first on The Daily Hodl.
