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CFPB sues Walmart, fintech for illegally opening accounts - Bank Automation News
Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s largest retailer without their consent, a US consumer protection agency said on Monday.
CFPB lawsuit against bank giants is ‘regulatory overreach,’ Zelle says - Bank Automation News
The Consumer Financial Protection Bureau announced today that it has sued Early Warning Services, Bank of America, JPMorgan and Wells Fargo for allegedly failing to implement anti-fraud safeguards on peer-to-peer payments network Zelle.
Fintech startup Chime submits confidential filing for IPO - Bank Automation News
Chime Financial Inc., a financial technology company focused on no-fee banking services, has submitted a confidential filing with the US government for its initial public offering, according to people familiar with the matter.
Trump taps Fiserv CEO Bisignano for social security chief - Bank Automation News
President-elect Donald Trump is nominating Frank Bisignano, the chief executive officer of fintech and payments company Fiserv Inc., to be the commissioner of the Social Security Administration. “Frank is a business leader, with a tremendous track record of transforming large corporations. He will be responsible to deliver on the Agency’s commitment to the American People […]