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Banks Should Have Better Customer Relations When Closing an Account
Posted inBank of America Corporation Banking and Financial Institutions Citigroup Inc Consumer Financial Protection Bureau Customer Relations JPMorgan Chase & Company Personal Finances Wells Fargo & Company

Banks Should Have Better Customer Relations When Closing an Account

When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.
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Posted by By Ron Lieber
Citigroup Discriminated Against Armenian-Americans, Regulator Says
Posted inBanking and Financial Institutions Chopra, Rohit Citigroup Inc Compensation for Damages (Law) Consumer Financial Protection Bureau Discrimination Regulation and Deregulation of Industry Suits and Litigation (Civil)

Citigroup Discriminated Against Armenian-Americans, Regulator Says

The bank agreed to pay nearly $26 million to settle claims that its employees denied an immigrant community in Southern California fair access to its credit cards.
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Posted by By Emily Flitter
CFPB Moves to Expand Oversight of Digital Payment Apps
Posted inBanking and Financial Institutions Block Inc Cash App Computers and the Internet Consumer Financial Protection Bureau E-Commerce Google Inc Mobile Applications Mobile Commerce and Payments PayPal Regulation and Deregulation of Industry Venmo

CFPB Moves to Expand Oversight of Digital Payment Apps

A proposed new rule would subject Google, Apple, PayPal and other digital wallet providers to the same scrutiny banks face.
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Posted by By Stacy Cowley
TransUnion Failed to Quickly Place or Remove Freezes on Credit Reports
Posted inCompensation for Damages (Law) Consumer Financial Protection Bureau Consumer Protection Content Type: Service Credit Scores Federal Trade Commission Identity Theft Personal Finances Suits and Litigation (Civil) TransUnion LLC

TransUnion Failed to Quickly Place or Remove Freezes on Credit Reports

The Consumer Financial Protection Bureau accused the credit bureau, one of three major credit reporting agencies, of “lying to consumers.”
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Posted by By Ann Carrns

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