Day: November 18, 2023

Financial Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements

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[ad_1] One of the largest licensed lenders in the US will pay a $15 million fine for “widespread illegal conduct” including withdrawing funds from customers’ bank accounts without their consent. The Consumer Financial Protection Bureau (CFPB) says it’s banning the Chicago-based lender Enova from offering certain consumer loans after the firm violated orders to change its deceptive practices. The CFPB says Enova withdrew or tried to withdraw funds from consumers’ bank accounts without obtaining their express informed consent. The lender also canceled loan extensions that it had promised to consumers…

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JPMorgan Chase Rejects Customer After $11,000 Stolen From Bank Account, Victim Says Money ‘Almost Safer in My Pocket’

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[ad_1] JPMorgan Chase says news that a scammer stole $11,000 from a retired postal worker’s account is heartbreaking – but the bank will not make the customer whole. Indiana resident Robert Wolfe says he recently received a text message that appeared to be from the banking giant asking if he initiated a pair of large transactions from his account, reports the CBS-affiliated news station WKMG. Wolfe replied “No” and says he promptly received a phone call from a slick scammer who claimed to be a Chase representative. “The scammers are…

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Top US Crypto Exchange Coinbase Introduces New On-Chain Payments Protocol

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[ad_1] Top US-based crypto exchange platform Coinbase is announcing a new on-chain payments protocol. In a new company blog post, Coinbase says that it’s setting a new standard for on-chain payments that will make them cheaper and faster for consumers. According to Coinbase, the open-source update will ensure “clarity, reliability, and a consistent experience for all users,” greatly enhancing the payment process for both merchants and customers. “At Coinbase we believe that on-chain is the new online. Just like the internet broke down barriers, democratized access to information and made…

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Crypto Analyst Updates Outlook on Bitcoin (BTC), Dogecoin (DOGE) and One Top AI Altcoin

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[ad_1] A widely followed crypto trader is taking a look at king crypto Bitcoin (BTC) while diving into two top altcoin projects. Crypto analyst Rekt Capital tells their 368,900 followers on the social media platform X that history repeating itself could have two very different outcomes for BTC over the coming months. “If 2016 history repeats – Bitcoin will probably continues sideways until two months before the Halving. If 2019 history repeat – Bitcoin could see one final deeper retracement going into the Halving 2024.” Source: Rekt Capital/X Bitcoin halving is…

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Majority of US Institutional Investors Believe Crypto Prices Will Go Up in the Next Year: Coinbase Survey – The Daily Hodl

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[ad_1] The majority of institutional investors believe crypto prices will go up in the next year, according to a new survey commissioned by Coinbase. The top US crypto exchange commissioned the business-to-business firm Institutional Investor to conduct the survey, which polled a “representative sample” of 250 institutional investors. Of the investors surveyed, 57% of them believe crypto prices will move higher in the next 12 months, compared to only 8% of investors who believed the same thing when responding to Coinbase’s survey at this time last year. Only 2% of…

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Bitcoin fees skyrocket on spot BTC ETF hype

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[ad_1] The prospect of a spot Bitcoin (BTC) exchange-traded fund (ETF) being approved soon in the United States has increased demand for the major cryptocurrency, leading to a surge in transaction fees. The Bitcoin blockchain reached $11.6 million in fees paid on Nov. 16, according to statistics from CryptoFees. At the time of writing, YCharts data shows that the average transaction fee is $18.69, up 113% from the previous day and 746% from a year ago. Bitcoin transaction fees between January 2023 and November 2023. Source: CryptoFees According to Cointelegraph’s market…

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