LONDON (Reuters) – British fintech Revolut will stop allowing U.S. customers to access cryptocurrencies, the company said in a statement on Friday, citing the regulatory environment and crypto market uncertainty …
Customers
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Coinbase limiting staking service for retail customers in four states
by Reutersby Reuters(Reuters) – Coinbase retail customers in California, New Jersey, South Carolina and Wisconsin will be unable to pledge new cryptocurrency to the exchange’s staking program pending proceedings the states initiated …
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Banking Giant To Pay Customers Over $100 Million Due To Junk Fees And Credit Card Deception
The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay customers over $100 million for unlawfully charging junk fees to customers among other misconduct, according to a CFPB …
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Business News
Brazil’s Ebanx partners with Nubank to offer payment service to customers
by Reutersby ReutersBy Carolina Pulice MEXICO CITY (Reuters) – Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank Nubank to offer more payment …
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By Hilary Russ NEW YORK (Reuters) – Pro-union baristas at Starbucks are taking their campaign on the road on Monday and trying a new tactic along the way: asking the …
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BENGALURU (Reuters) – The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks to give customers the …
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Business News
Australian watchdog urges banks to move Indigenous clients into low-fee accounts
by Reutersby Reuters(Reuters) -Australia’s corporate regulator on Wednesday asked the country’s banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving …
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Business News
UK banks should not close accounts over customers’ politics, minister says
by Reutersby ReutersBy Huw Jones and David Milliken LONDON (Reuters) – British banks should have to serve a customer even if they disagree with his or her lawful political views, and should …
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Business News
GM’s EV truck customers must wait for Tesla-compatible charge ports
by Reutersby ReutersBy Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. …
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Business News
Carnival set to post strong revenue growth as new, younger customers drive demand
by Reutersby ReutersBy Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising. …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
FTC Sues Amazon, Claims Tech Giant ‘Tricked’ Customers
FTC Sues Amazon, Claims Tech Giant ‘Tricked’ Customers Brandon Poulter on June 21, 2023 The Federal Trade Commission (FTC) sued Amazon on Wednesday, alleging the online retailing giant had enrolled …
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Business News
SVB’s Asian customers who lost deposits remain on the hook for loans – WSJ
by Reutersby Reuters(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens …
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News
New Bank Fees To Cover Bailouts Could Be Passed On To Customers, Experts Say
New Bank Fees To Cover Bailouts Could Be Passed On To Customers, Experts Say Jason Cohen on May 11, 2023 The Federal Deposit Insurance Corporation (FDIC) announced a proposal on …
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Business News
Intel, Boston Consulting Group team to sell AI to corporate customers
by Reutersby ReutersBy Stephen Nellis (Reuters) – Intel Corp and Boston Consulting Group on Wednesday said they are working together to sell generative artificial intelligence tools to big businesses. Generative AI is …
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Turbo Tax owner forced to pay $141 million for deceiving low-income customers
TRENTON, NJ – Intuit, the owner of tax software TurboTax, has been ordered to pay a $141 million settlement to millions of Americans who were deceived into paying for free …
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WILLIAMSPORT, PA – Michael Bloom, a Williamsport-based contractor, has been sentenced to two-and-a-half to seven years in a State Correctional Institute for failing to fulfill elevator installation contracts. The 44-year-old …
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Business News
Apple offers high-yield savings to card customers as deposit competition heats up
by Reutersby ReutersNEW YORK (Reuters) – Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased …
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Business News
JPMorgan amasses deposits as customers move money to largest U.S. bank
by Reutersby ReutersBy Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. …
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Breaking News
New York Police say garage owner fled town with customer’s pickup truck
by Adam Devineby Adam DevineCORTLANDT, NY – Police have reported the disappearance of a former business owner in the Cortland area. According to police, after closing his business, Carlos Vera stole one of his …
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New York City Mayor tells business owners to unmask customers when entering stores
by Adam Devineby Adam DevineNEW YORK, NY – In a reversal of the city’s past COVID-19 health and safety guidelines, New York City Mayor Eric Adams is asking New Yorkers to unmask when entering …
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Business News
ASML, China customers haunted by uncertainty on new Dutch chip export rules
by Reutersby ReutersBy Toby Sterling and Philip Blenkinsop AMSTERDAM (Reuters) – The Dutch government has not yet defined crucial aspects of new restrictions on chip-technology exports to China including whether ASML Holding …
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Business News
Crypto lender Voyager’s customers vote in favor of bankruptcy plan
by Reutersby Reuters(Reuters) – Customers of Voyager Digital voted in favor of the crypto lender’s Chapter 11 bankruptcy plan, the company said in a tweet on Tuesday. Of those who participated in …
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One dead after Harlem fish market employee stabbed two aggressive and disorderly customers
by Adam Devineby Adam DevineNEW YORK, NY – A Harlem fishmarket worker confronted by two unruly men inside the fis market next tot 94 Saint Nicholas Place in Harlem took action before becoming the …
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New Jersey law will protect EZ Pass customers from bogus and harassing violations and fines
by Phil Stiltonby Phil StiltonIt has happened to all of us. You’re an EZ Pass customer, but you get a citation in the mail saying you didn’t pay for an EZ pass toll. That …
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New Jersey News
Committee Advances Singer Bill that Would Exempt Certain Customers from Early Termination Fees
Individuals preparing to enter long-term care facilities may no longer have to pay a termination fee for their cable, phone, or internet services thanks to legislation sponsored by Sen. Robert …