SAN FRANCISCO–Wells Fargo is now in the process of refunding customers for tens of millions of dollars for products they never ordered, ranging from pet insurance to legal services. The bank said several-thousand customer accounts are involved.
Fresh Today
NEW YORK—Usage of the long-popular debit card is declining among U.S. consumers.
MOLOKA’I, Hawaii–A former employee of a credit union here has been sentenced to four years and two months in jail for her role in conspiring to embezzle from the First Hawaiian Homes FCU. The embezzlement eventually led to the shuttering of the credit union.
OTTOWA, Ontario, Canada—Bitcoin awareness and usage have increased significantly among Canadians over the course of a year, a newly-published survey by the country’s central bank has revealed.
SAN JOSE, Calif.—PayPal has handed over its consumer credit receivables to Synchrony, with the latter gaining to a portfolio worth up to $7.6 billion.
GREEN BAY, Wis.–The Green Bay Bullfrogs here have a new name: Capital Credit Union Park.
WASHINGTON–How senators viewed the qualifications of Kathy Kraninger to lead the Bureau of Consumer Financial Protection fell largely along party lines following Kraninger’s testimony here yesterday.
WASHINGTON—The direction in which Acting Director Mick Mulvaney is attempting to push the Bureau of Consumer Financial Protection can be seen in the appointment of Paul Watkins to lead the Bureau’s new Office of Innovation.
WASHINGTON—Manufacturers in all 12 Federal Reserve Districts are concerned about the impact tariffs will have on the economy, and many said they've seen higher prices and supply shortages, according to the latest analysis released as part of the Federal Reserve Beige Book. The Fed further found all districts reporting tight labor markets.
WASHINGTON–A lawsuit alleging copyright infringement has been filed against the National Credit Union Foundation by the Missouri Community Action Network, which acts on behalf of low-income families in the state.