The CFPB has proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms

Multiple former Archegos employees are looking to receive compensation for the demise of Archegos Capital Management

The lawsuit accuses the FCA of unlawfully excluding thousands of customers from a bank compensation scheme

However, three in five workers say their income hasn’t kept pace with price increases

The increases are primarily targeted at large banks

The final rule brings supervision to “Big Tech” and other widely used digital payment apps

Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service

The Financial Conduct Authority has fined Metro Bank £16.7 million

The banking and credit sector continues to attract the highest number of complaints

The percentage of synthetic identities among attempted accounts reached an all-time high at the end of the first half of 2024