Columbus, OH

A Wells Fargo executive has been ordered to leave the banking industry after draining tens of thousands of dollars from customer deposit accounts. The Office of the Comptroller of the Currency (OCC) is issuing a consent order against ex-Wells Fargo operations associate manager Cindy M. Flores for violating laws and engaging in unsafe and unsound practices.

$47,646 Drained From Customers’ Accounts at Wells Fargo As Rogue Executive Mounts Year-Long Campaign To Steal Cash: US Bank Regulator

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

Capital One credit card merger class action overview:. Who: Plaintiffs Tyler Baker and Lora Grodnick, both Capital One credit card holders, have filed a class action lawsuit against Capital One and Discover. Why: Baker and Grodnick want to halt a merger between the two credit card companies, saying it will...

Capital One credit card holders file class action over Discover merger

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

The USDA announced changes to the Farm Service Agency’s Farm Loan Programs that take effect on September 25, 2024. The changes are intended to increase opportunities for farmers and ranchers to be financially viable. These improvements are part of the Enhancing Program Access and Delivery for Farm Loans rule.

USDA Updates Farm Loan Programs

In a Wednesday interview with CNBC's Jim Cramer, CVS CEO Karen Lynch said she is taking responsibility for the company's Aetna insurance business after the most recent quarter missed expectations. "I'm taking direct ownership and am going to focus on the financial and operational execution of that business," she said.

CVS CEO says she's 'taking direct ownership' to fix Aetna insurance business

Dallas, TX

The US Sun

ANGRY customers are demanding compensation after news of AT&T's data breach emerged last week. A lawsuit filed against the Dallas-based telecommunications company last Friday night, July 12, alleges that AT&T was not transparent about the severity of the breach and did not safeguard important customer data. Over 100 million customers...

100 million AT&T customers fight for one-time payment and settlement after breach exposed six months of call logs

Both Bitcoin and Ethereum hiked by over 3% in the last trading session. Compared to ETH, BTC seemed overvalued at press time. Bitcoin and Ethereum have long been two of the market’s biggest cryptos. However, tribalism within the community has often placed them at opposite ends of any spectrum, which is why comparisons are common.

Bitcoin vs Ethereum – Every $1 invested in either of these cryptos will…

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

PYMNTS

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 of the peer-to-peer (P2P) payment app on Friday (Aug. 2) in a filing with the Securities and...

Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo

Georgia State

Appling County, GA

Daily Coffee Press

A 40-year-old man from Appling County, Christopher Eric Stone, with a significant criminal history, was recently sentenced to over five years in prison after pleading guilty to possession of methamphetamine with intent to distribute, according to officials from the Department of Justice.

Georgia Man Sentenced to Over 5 Years for in Federal Prison for Meth Distribution

Malvern, PA

The directors of crypto-friendly Customers Bancorp and its subsidiary Customers Bank, headquartered in Malvern, Pennsylvania, will polish their writing skills over the next two months in preparation for an enforcement action the United States Federal Reserve Board executed against them. Customers Bank did not do well on “recent examinations and...

Customers Bank to strengthen AML compliance after Fed scrutiny

Denver, CO

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Dropbox co-founder Arash Ferdowsi just filed a $225 million lawsuit against JPMorgan Chase, accusing the financial giant of mismanaging his investment portfolio and squandering hundreds of millions of dollars. The suit alleges JPMorgan Private Wealth Advisors steered Ferdowsi into “complex, low-performing” investments with exorbitant fees, causing over $225 million in...

JPMorgan Chase Sued for $225,000,000 As Dropbox Founder Accuses Lending Giant of Mismanaging Generational Wealth, Charging Millions in Hidden Fees

JPMorgan Chase may sue the Consumer Financial Protection Bureau if the agency issues an enforcement action against the bank over transfers of funds through peer-to-peer payments platform Zelle. In a quarterly filing Friday, JPMorgan said it is “responding to inquiries” from the CFPB on the matter. The agency “has informed”...

JPMorgan threatens to sue CFPB over Zelle

The Federal Reserve of Philadelphia has charged Customers Bank with anti-money laundering and Bank Secrecy Act compliance failures. The Fed claims that it found “significant deficiencies related to the Bank’s risk management practices and compliance with the applicable laws, rules and regulations relating to anti-money laundering.”. Both the...

Federal Reserve found ‘significant deficiencies’ in AML, Bank Secrecy compliance at Customers Bank

FinanceBuzz

Check out what ultra-rich dynasty or tycoon lives in your state and how did they make their fortune.

The Richest Family Name in Every State (#27 Is King of Investing)

Chicago, IL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Florida State

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

NewsBreak

$7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report

Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation (FDIC)....

$7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report

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