August 07, 2024
Report: CFPB Probe of Zelle Expected to Include BofA and...

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan Chase disclosed the CFPB’s investigation...

August 05, 2024
US Bank Stocks Dip After Country’s Unemployment Rate Jumps

Several U.S. bank stocks reportedly slipped Monday (Aug. 5) as investors left the sector amid rising fears of a potential recession. Among the losses were a drop of about 4%...

August 04, 2024
JPMorgan Chase Evaluates Legal Options as CFPB Scrutinizes Zelle Payments

JPMorgan Chase could be headed for a dust-up with the Consumer Financial Protection Bureau. In its “Consolidated Financial Statements” for the six months ending June 30, the bank indicated that...

July 31, 2024
New Deals and Digital Expansion Drive Mastercard’s Q2 Revenue Surge

Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its earnings call Wednesday (July 31)....

July 24, 2024
Wells Fargo Won’t Renew Naming Rights on Philadelphia Sports Arena

The Wells Fargo Center sports arena in Philadelphia will have a new name late next year. The bank’s naming rights contract with the arena expires in August 2025, and Wells...

July 22, 2024
Pressures on Lower-Income Consumers Signal Pain for Beauty and Apparel...

T.S. Eliot wrote that the world would end not with a bang but a whimper. It may be the case that the unstoppable wave of consumer spending may end that...

July 22, 2024
CrowdStrike Aftermath: Five Things You Need to Know

It wasn’t a hack, cyberattack or even a sophisticated scam. The chaos that hit everything from airlines to hospitals to banks on Friday (July 19) was caused by a faulty...

July 15, 2024
Big Bank Earnings Show Mixed Signals on Consumer Credit Health

Get enough data points in place, and you have a trend. As bank earnings have started to roll in — thus far, from JPMorgan, Wells Fargo and Citigroup — management...

July 12, 2024
Expedia Launches 2 Credit Cards for Its One Key Loyalty...

Expedia Group said Friday (July 12) that it will launch two new co-branded credit cards designed to complement its loyalty program, One Key. The new cards — the One Key...