Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Regulations

JPMorgan Chase Accused of Refusing To Reimburse Customers, Failing To Terminate Scammer’s Accounts Amid Federal Probe: Report

n70products by n70products
September 30, 2024
in Regulations
0
JPMorgan Chase Accused of Refusing To Reimburse Customers, Failing To Terminate Scammer’s Accounts Amid Federal Probe: Report
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


A federal investigation into banking large JPMorgan Chase is concentrating on how the financial institution handles and protects potential victims of fraud, based on a brand new report.

The Client Monetary Safety Bureau (CFPB) is investigating whether or not the financial institution is correctly reimbursing clients and successfully eliminating scammer’s financial institution accounts, reports CNBC, citing sources who requested anonymity whereas speaking about an ongoing investigation.

The company’s issues are centered on how the financial institution manages clients that transfer cash on Zelle, and investigators are reportedly additionally wanting into related issues about Wells Fargo and Financial institution of America.

In a current submitting, Chase confirmed an inquiry is underway and mentioned it’s “evaluating subsequent steps, together with litigation.”

The financial institution has declined to publicly touch upon the CFPB’s investigation.

The Senate’s Everlasting Subcommittee on Investigations just lately determined Chase, Wells Fargo and BofA reimbursed victims who reported scams on Zelle 38% of the time in 2023, a drop from 62% in 2019.

The subcommittee additionally says the three banks have collectively refused to reimburse $880 million in disputed Zelle transactions between 2021 and 2023.

The Digital Fund Switch Act explicitly protects individuals who lose cash to unauthorized transfers, however not supply the identical safety when clients are tricked into into approving illicit transactions.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Verify Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in online marketing.

Generated Picture: Midjourney





Source link

Tags: accountsaccusedChaseCustomersFailingFederalJPMorganProbeRefusingReimburseREPORTScammersTerminate
Previous Post

XRP Price Ready For 4x Jump To $2.6 As Major Bullish Pattern Breaks Occurs

Next Post

Bitcoin: THIS key level hints at BTC’s next bull run

Next Post
Bitcoin: THIS key level hints at BTC’s next bull run

Bitcoin: THIS key level hints at BTC’s next bull run

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Crypto Trader Says Bitcoin Has Entered Price Discovery, Updates Outlook on Ethereum, Solana and Dogecoin

Crypto Trader Says Bitcoin Has Entered Price Discovery, Updates Outlook on Ethereum, Solana and Dogecoin

May 22, 2025
Hypersphere Partner Loses Life Savings in Zoom Scam

Hypersphere Partner Loses Life Savings in Zoom Scam

June 19, 2025
Time for the SEC to get serious on crypto

Time for the SEC to get serious on crypto

February 21, 2025
Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight

Bitcoin Nears Climax, But A Twist Awaits—Analyst Reveals Key Insight

June 20, 2025
Quantum Threat? BlackRock Flags Future Risk in Bitcoin ETF Filing

Quantum Threat? BlackRock Flags Future Risk in Bitcoin ETF Filing

May 15, 2025
Cardano Moves Into Top 3 In Major Market Metric Ahead Of Ethereum

Cardano Moves Into Top 3 In Major Market Metric Ahead Of Ethereum

August 12, 2024

Recent Posts

  • Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup
  • Solana (SOL) and Aptos (APT) Named As Top Candidates for Wyoming’s Proposed Stable Token Program
  • XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

June 23, 2025
Fed Governor Calls for Regulatory Framework Allowing Banks and Institutions To Issue Stablecoins

Solana (SOL) and Aptos (APT) Named As Top Candidates for Wyoming’s Proposed Stable Token Program

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version