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Banking

Banking

Banking

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PBS video about the history of the CFPB and how big banks sometimes cheat their account holding customers…
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This extraction of cash from Western financial institutions at a time of intense political risk should have raised red flags,” David Szakonyi, an associate professor of political science at George Was...
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"The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominate transactions on it, alleging that the firms failed to properl...
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Russia's war related inflation continues to rise in December 2023. Its banks are looking at yet another rate hike for mitigation...
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"In some cases, borrowers had money pulled from their bank accounts despite never consenting to autopay, Barnard said. Other autopay users saw incorrect amounts taken or were charged multiple times in...
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Gomes, without authorization, linked his personal phone number to the customer’s accounts and enrolled the customer’s accounts in the bank’s online banking services, DOJ officials said.
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"In its latest statement, Russia’s Central Bank said that those with existing foreign currency accounts will be able to withdraw only up to $10,000 in U.S. dollars or euros until March 9, 2025. Any re...
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Chinese banks are either delaying or rejecting Russian transactions more often during 2024 due to expanding financial sanctions.
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Opinion video from “I will teach you to be rich” about why he discourages using Wells Fargo and Bank of America.
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Chinese economy continues to struggle in 2024 and one of the problems is failing banks.
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One financial technology company promoted itself as an innovative alternative to traditional banking, but allegedly locked people out and does not have FDIC protection.
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Chinese banking is becoming less reliable for Russia to circumvent economic sanctions in 2024…
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Some scammers are more sophisticated than years past. One call included a scammer who knew recent credit card transactions of the victim and spoofed the official number for the financial institution.
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Sorry, dont buy it! I joined a bank that catered to the military when I came on active duty in 1968. The "Perks" that banks offer today were SOP with those banks even then. Five houses, 2 student loa...
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One rich country in Middle East is no longer interested in hosting Russian financial assets (with potential risk for U.S. sanctions)…
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"A number of Chinese banks are reported to have restricted payment transactions with Russia, prompting one Kremlin official to call out the West."
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Two years after Russia’s unjust invasion of Ukraine, billions in assets remain frozen in western banking system. There is an ongoing debate about legal ramifications for remaining frozen, formal seizu...
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"While Russian banking apps are banned from the App Store due to the sanctions as Apple is an American entity, bank customers in the country cannot access their accounts from their devices. To try and...
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As part of its J6 investigation, the administration’s financial crimes network flagged terms such as Cabela’s and Dick’s Sporting Goods, and even purchases of religious books.

 

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Safe deposit boxes at bank are not a reliable place to store valuables. Multiple cases exist where boxes where moved or emptied without customer consent or proper records of actions.
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"Official figures obtained by The Associated Press show that Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image."
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“The Biden administration has proposed a new rule that would curb overdraft fees incurred when consumers withdraw more than the available funds in their bank account.“
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DO VETERANS HOMES HAVE BANKING FACILITIES?
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Veterans Benefits Banking Program Integrates with VetCents to Improve Veterans’ Financial Health

The Department of Veterans Affairs’ (VA) Veterans Benefits Banking Program (https://rly.pt/VAVBBP) provides Veterans with a safe, reliable, and inexpensive way to receive and manage their VA monetary benefits.

 

Now the program has added a new component with the integration of a newly redesigned, VetCents (...
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"The Consumer Financial Protection Bureau on Tuesday announced it has fined U.S. Bank
nearly $21 million for cutting off access to unemployment insurance benefits during the height of the COVID-19 pan...
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"It turns out there are plenty of reasons to draw a bright line between your personal and business finances, including your checking accounts."
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Hackers broke into the computer networks at Fred Hutchinson Cancer Center two weeks ago.

 

The cancer center says it detected unauthorized activity Nov. 19. It's now telling patients to monitor their ba...
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"Banque Pictet, the private banking division of the 218-year-old Pictet Group, will pay about $122.9 million in restitution and penalties as part of an agreement with prosecutors.

 

Between 2008 and 201...
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He Bought Sprint and Arranged the Merger with T-Mobile. Significant!
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The businessman and pitchman turned election denier claims he's trying to ward off the poorhouse by chatting with his bank "almost all afternoon."

 

"This was part of my big cancellation they did on me ...
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The founder and CEO of Binance, Changpeng Zhao, agreed to plead guilty to money laundering violations and to step down from the world's largest crypto exchange as part of a sweeping settlement with U....
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Former President Donald Trump lashed out at New York Attorney General Letitia James yet again on Thursday and said that he couldn't have committed fraud because his former bank once gave him a trophy.

 

...
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'Marjorie Bloom, a retired civil servant, was the victim of a “tech support” scam in 2021. Criminals used cryptocurrency to carry out the fraud.'
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In a major Supreme Court case involving the structure of government, a majority of justices seem inclined to uphold the way the Consumer Financial Protection Bureau and many other agencies are funded.

 

...
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A judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

 

Judge Arthur Engoron, ruling in a civil lawsuit...
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Unregulated banks operate in China somewhat recklessly. Due to bad investments including real estate, they might worsen China’s economic issues.
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Credit unions in Oregon are warning of a scam that involves imposter text messages. The texts look legit, and can be tricky since people often respond quickly to texts.

 

Matthew Wilson, senior vice pre...
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"The judge overseeing the upcoming trial against Donald Trump and his children brought by New York Attorney General Letitia James told banks and insurers this week that they can't keep their documents...
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Banks and insurance companies trying to keep the public in the dark about their business dealings with Donald Trump ran into a ray of legal sunshine on Tuesday, after a judge ruled that he wouldn’t se...
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The Texas Senate late Thursday published nearly 4,000 pages of documents submitted by House Impeachment Managers prosecuting the case against embattled Texas Attorney General Ken Paxton.

 

The documents...
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High yield savings accounts, CDs and lower fees may make online banks more enticing than traditional brick-and-mortar banks.
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Heartland Tri-State Bank of Elkhart is the smallest U.S. bank to fail in the past year, with the next closest in size being Signature Bank in New York.
Heartland Tri-State Bank of Elkhart, Kansas, on J...
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With USAA's recent desire to go woke and boost their DEI score, which bank would you recommend?
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CNBC story about decline of Citi, former mega bank and issuer of government credit cards.
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"Federal regulators are accusing Bank of America of opening accounts in people's name without their knowledge, overcharging customers on overdraft fees and stiffing them on credit card reward points."
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A Kansas City Chiefs super fan who was arrested last year in connection with a bank robbery in Oklahoma is suspected in a string of bank robberies across the Midwest, officials announced Monday.

 

Xavia...
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VA’s Veterans Benefit Banking Program converts 250,000 Veterans and their beneficiaries to direct deposit

Remember those days when you had to wait for your check to be handed out at your job, or for it to be delivered via the mail? If so, you know it was a long, cumbersome process that many of us are glad we no longer must deal with.

 

Well, thanks to the establishment of the VA’s Veterans Benefits Bankin...
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It has been a hell of a year so far. Three regional banks collapsed, the United States came close to defaulting on its debt for the first time in its history, and the Federal Reserve continued to hike...
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"Goldman Sachs is in talks to offload its Apple credit card and savings account products to American Express, a source told CNBC."
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The gloves are off, and bank-government collusion is now in plain sight for all to see. First we had the abrupt, arbitrary and capricious weaponization of the Canadian banking system by the WEF-traine...
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Do you think that USAA marketing results in a decline in services?

I see so...many USAA ads on random shows or sports. They market to an audience to try to get the random veteran or civilian with military ties yet the decline in services is obvious. This marketing doesn't open their membership requirements. My sister can't join and I am okay with that, but they hav...
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"Though AI has proven to be an innovative tool, some technologists and ethicists have expressed doubts about the technology’s moral and ethical soundness. Among the top worries industry insiders expre...
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Some banks in USA have high fees and low quality service…
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Two men who wore masks robbed an ATM machine Monday night at a Bank of America branch in Overland Park.

 

The robbery happened at 7:30 p.m. at 8695 College Boulevard, police said.

 

A technician was worki...
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The Lenexa, Kansas Police Department is warning the public of an uptick in a particular type of crime occurring near area banks.

 

The department says it has seen an increase in jugging cases.

 

Jugging i...
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Be careful about scams involving text messages. Even ones that supposedly have bank name on caller ID...
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"Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank made misleading statements about its compliance with federal regulators after a fake acco...
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The state of Oklahoma will make sure that these extreme ESG Bank entities will get their inequity as Oklahoma votes with its pocketbook. That is one state but if 12 or 15 states who produce oil and en...
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Federal Reserve Increases Interest Rates by 25 Points
CNBC: The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the ...
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Federal Reserve Considers 10th Round of Interest Rate Hikes

 

Wall Street Journal: Federal Reserve officials are on track to increase interest rates again at their meeting this week while deliberating w...
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Biden’s Punishing Mortgage Fees Go in Effect

 

 

Biden is intentionally penalizing those who were responsible and kept their credit in check. Katie Pavlich: A new mortgage rule from the Biden administrat...
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First Republic Bank Shares Crater by Nearly 50 Percent Overnight
Financial Times: Shares of First Republic continued to plunge on Tuesday as regulators in Washington and financiers on Wall Street scram...
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“America’s Silicon Valley Bank customers got their money back in three days. But China’s Henan village banks’ customers haven’t been given a cent in a year,” they wrote on white banners and posters he...
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Military Saves Week: Five ways to automatically build savings

Saving is a key aspect of becoming more financially secure. Having cash reserves for an emergency, a vacation or a life event such as transitioning from the military builds confidence that we’re more ready for what life throws our way.

 

Yet we can all probably be more disciplined savers. One way to ...
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Days after one of the largest bank failures in U.S. history, the fallout continues.

 

Some of the country's top banking and financial regulators appeared before the Senate Banking Committee on Tuesday t...
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First Citizens Bank Acquires Silicon Valley Bank

 

Daily Wire: The FDIC revealed in a statement that the 17 branches of Silicon Valley Bank will be operated by First Citizens Bank as soon as Monday, whi...
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Biden’s Approval Rating Craters Amid Banking Crisis

 

Hill: President Biden’s approval rating is nearing its lowest point of his presidency, according to a new poll, following a string of bank failures ...
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Bank of England Raises Interest Rate

 


Wall Street Journal: The Bank of England raised its key interest rate by a quarter percentage point Thursday, a fresh sign that policy makers around the world are ...
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It's definitely broke!

 

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Janet Yellen Claims Banking System is “Sound”
Daily Wire: Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities...
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Across the U.S., people protested outside major banks on Tuesday, calling on financial institutions to shift investments away from fossil fuel companies. In Boston, more than 200 people marched from a...
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A trio of lawsuits filed against two banks connected with Jeffrey Epstein can move forward, a federal judge ruled on Monday.

 

The suits allege that JP Morgan Chase and Deutsche Bank knew that Epstein m...
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Prominent tech companies, liberal news outlets, and a Democratic politician’s vineyards are among the thousands of businesses that breathed a sigh of relief on Sunday when the Biden administration mov...
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Sam Bankman-Fried Tried to Sway Regulator to Pass Friendly Legislation to Help Firm Just Before Collapse

 

Washington Examiner: Disgraced ex-cryptocurrency kingpin Sam Bankman Fried and his since-bankru...
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Elizabeth Warren Demands Fed Chair Jerome Powell be Replaced

 

Daily Wire: Massachusetts Democratic Senator Elizabeth Warren called for a new Federal Reserve Chairman on Sunday as she lashed out at Jero...
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On March 18, 1852, in New York City, Henry Wells and William G. Fargo join with several other investors to launch their namesake business, today one of the world's largest banks.

 

The discovery of gol...
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Yellen Assures Senate Finance Committee: US Financial System “Remains Sound”
Daily Wire: Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the Americ...
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I wouldn't be surprised if California governor Gavin Newsom gets leases on the best locations to set up wine tasting locations for his California Winery.

 

Gavin Newsom banked at Silicon Valley Bank.

 

W...
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An incredulous Chris Hayes reacted with derision to a montage of Fox hosts and guests blaming woke-ism for the collapse of Silicon Valley Bank, which faced a bank run and liquidity issues before being...
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Moody’s Investor Service Downgrades US Banking System to “Negative” Following Worst Bank Failure Since 2008

 


Townhall: Following the biggest bank failure since the financial crisis of 2008, Moody’s Inv...
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The CEO of SVB, apparently, knew the inside truth about the bank and its future that he sold his shares in the parent of the bank weeks before SVB announced it was looking to raise capital. This was ...
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JPMorgan Analysts Saw SVB’s Liquidity Problems Last Fall And STILL Pushed The Stock, by @allfacts_matter
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HSBC Buys UK Portion of Silicon Valley Bank
Reuters: HSBC bought the UK arm of Silicon Valley Bank for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain, as the ...
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Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes

 

MY SAY: If everyone involved will be "made whole" what are the consequences for risk-takers? Why should We the...
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Silicon Valley Bank: Largest Bank to Go Under Since 2008

 

 

New York Times: On Friday, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail...
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A bank that caters to many of the world's most powerful tech investors collapsed on Friday and was taken over by federal regulators, becoming one of the largest lenders to fail since the 2008 Global F...
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On March 12, 1933, eight days after his inauguration, President Franklin D. Roosevelt gives his first national radio address—or “fireside chat”—broadcast directly from the White House.

 

Roosevelt began...
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NerdWallet article about FDIC insurance. It may be relevant since Silicon Valley Bank just shut down with active account holders.
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Five tips for making the most of your money at every stage of service

I’m lucky to have a career dedicated to furthering the financial health of the military and Veteran community. As a military spouse, I know it’s not easy wading through the flood of fiscal advice coming at us almost every day. At times, it’s overwhelming — even paralyzing.

 

Avoid information overloa...
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Education Resource by RallyPoint »
All Good things Must End! My First 4 Day Weekend in a Long While. Needed after 3 Weeks Babysitting a 44 Acres of a Catholic College. That is Too Much Walking for this Old Dude! Back to being a Video A...
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Latest development for banking in remote areas is vehicular based services.
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The Wall Street Journal is asking for answers from the Phoenix Police Department after one of its Black reporters was handcuffed and detained shortly after conducting interviews outside of a Chase Ban...
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Democrats claim to be so 'inclusive' but they purposely put pressure on banks to divest from oil and energy sectors.

 

They plan to be the Defenders of democracy but we now know thanks to Elon Musk if t...
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