According to a Wall Street Journal piece published on Wednesday, the Consumer Financial Protection Bureau is probing how big U.S. banks have been managing their customers’ money on the peer-to-peer payments network Zelle.
Read More Bank Of America, Wells Fargo And JPMorgan Investigated On Zelle Customer Funds, Scams
Capital One plans to acquire Discover Financial Services to create a global payments giant.
Read More Capital One to buy Discover Financial in $35.3 billion all-stock deal
The U.S. Transportation Department is scrutinizing the frequent flyer programs of major U.S. airlines for potential deceptive or unfair practices.
Read More US scrutinizing airline frequent flyer programs
Federal regulators found that Bank of America had deceived and harmed customers by double-dipping on fees, withholding credit card rewards and opening fake accounts.
Read More Bank of America fined millions for opening fake accounts and charging extra junk fees