Financeflux

Large American Bank Faces $1.4 Million Penalty for Unjust Treatment of Americans: CFPB Ruling

Daisy HodleyNov 18, 20232 min read

US Bank Fined for Discrimination The Consumer Financial Protection Bureau (CFPB) has ordered Citibank to pay over a million dollars for mistreating potential customers. The financial…

$15 Million Fine for Lending Company’s Unauthorized Fund Withdrawals and Deceptive Customer Practices

Daisy HodleyNov 18, 20232 min read

Lending Giant Found Guilty of Deceptive Practices One of the largest licensed lenders in the US has been ordered to pay a $15 million fine for…

Large Financial Institution Penalized $15,000,000 for Unauthorized Fund Withdrawals and Deceptive Customer Practices

Daisy HodleyNov 18, 20232 min read

US Licensed Lender Fined $15 Million One of the largest licensed lenders in the US will pay a $15 million fine for “widespread illegal conduct,” including…

JPMorgan Chase Denies Customer Claim After $11,000 Bank Account Theft, Victim Voices Concerns Over Account Security.

Daisy HodleyNov 17, 20232 min read

JPMorgan Chase Refuses to Reimburse Customer After $11,000 is Stolen From Bank Account According to a report from WKMG, a scammer recently stole $11,000 from the…

China’s US Treasury Holdings Drop to 14-Year Low, Dumping $491.9 Billion in Past Decade

Daisy HodleyNov 17, 20232 min read

China Sells Off $491 Billion Worth of US Treasuries in 10 Years Over the last ten years, China has steadily been offloading hundreds of billions of…

US Banks Experience $174.3 Billion in Deposit Outflows Over 3 Months as S&P Global Reports Industry Contraction

Daisy HodleyNov 12, 20232 min read

New Numbers Reveal Massive Deposit Flight from US Banks A recent report from S&P Global has disclosed a significant decline in non-brokered deposits, which mainly come…

Mysterious Scam Drains $120,000 from Citibank Account, Leaving Customer Advised to Seek Legal Counsel

Daisy HodleyNov 11, 20232 min read

Illinois Resident Sues Citibank Over Missing Funds A resident of Skokie, Illinois is taking legal action against Citibank after discovering that $120,000 had vanished from his…

Report: Wells Fargo Denies Customer Refund After Unauthorized Withdrawal of Thousands from Bank Account

Daisy HodleyNov 11, 20232 min read

Wells Fargo Customer Loses Thousands of Dollars in Mysterious Transaction A Florida-based business owner, Mike Mitchell, recently discovered that $3,771 was missing from his Wells Fargo…

Report: JPMorgan Chase and Citibank’s Sudden Account Terminations Cause Customer Chaos and Confusion

Daisy HodleyNov 10, 20233 min read

A Systemic Problem A new report is calling out JPMorgan Chase, Citibank and the US banking system at large for kicking loyal customers to the curb…

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