Visa and Mastercard Offer $197M to Settle ATM Class Action Suit
Visa and Mastercard have agreed to pay $197 million to settle a class action lawsuit accusing them of keeping ATM fees artificially high. The settlement, pending court approval, follows the rejection of the companies' appeal by the US ... Read More
PayPal to Launch Advanced Advertising Platform Using Customer Data
PayPal is developing an advanced advertising platform to leverage customer data for better-targeted ads. Mark Grether from Uber and John Anderson from Plaid join PayPal to lead this new ... Read More
Nubank Launches eSIM Service for Premium Customers
Nubank partners with Gigs to offer a digital travel eSIM to Ultravioleta premium customers, providing 10GB of annual data to avoid roaming ... Read More
Former FTX Exec Ryan Salame Sentenced to 7.5 Years in Prison
Former FTX executive Ryan Salame sentenced to 7.5 years in prison for conspiracy to make unlawful political contributions, defraud the Federal Election Commission, and operate an unlicensed money transmitting ... Read More
BaFin Lifts N26 Customer Onboarding Cap
: Germany's financial regulator BaFin has lifted the customer onboarding cap for digital bank N26, allowing it to grow its customer base after significant investments in compliance and anti-money laundering ... Read More
Canadian Securities Regulators Announce Move to T+1 Settlement Cycle
The Canadian Securities Administrators (CSA) have announced rule amendments supporting the transition to a T+1 settlement cycle for equity and long-term debt trades, aligning with upcoming changes in the United States. This move aims to ... Read More
Klarna Labels CFPB BNPL Rule ‘Baffling’
Klarna criticizes the CFPB's new rule treating BNPL lenders like credit cards as "baffling," while Affirm welcomes the consistent industry standards. The rule aims to provide consumers with similar protections and rights as credit card ... Read More
Ex-Citi Employee Files Wrongful Termination Lawsuit Alleging Data Concealment from Regulators
Former Citigroup managing director Kathleen Martin sues the bank and COO Anand Selva for wrongful termination, alleging she was fired for refusing to hide critical data from the OCC. Citigroup denies the claims and plans to defend against ... Read More
JP Morgan to Pay $100M for Client Order Monitoring Failures
JP Morgan will pay $100 million to settle a CFTC probe over failures in monitoring billions of client orders between 2014 and 2021. The settlement follows issues with data feed configurations and previous fines from the Federal Reserve and ... Read More
TD Bank Unveils ‘Sonic Identity’ in Collaboration with Sixième Son
TD Bank introduces its new sonic identity, developed with Sixième Son, enhancing brand accessibility and recognition across audio platforms and ... Read More