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Banking News

What If Banks Were Publicly Owned? L.A. Prepares to Vote
29 Aug 2018

What If Banks Were Publicly Owned? L.A. Prepares to Vote

by banksadmin | posted in: Banking News | 0

This November, voters in Los Angeles will decide whether or not to take money out of big banks and into a publicly owned bank. In June, the city council voted unanimously to add the measure to the November ballot. If … Continued

Hack Alert: FBI Warns Banks of “Unlimited” Worldwide ATM Cash-Out Attack
23 Aug 2018

Hack Alert: FBI Warns Banks of “Unlimited” Worldwide ATM Cash-Out Attack

by banksadmin | posted in: Banking News | 0

The FBI has warned of an imminent global cash hack at ATM machines. “The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine cash-out scheme in the coming days, likely associated with … Continued

Facebook Wants to See Your Bank Transactions and Balances
20 Aug 2018

Facebook Wants to See Your Bank Transactions and Balances

by banksadmin | posted in: Banking News | 0

Facebook has asked major U.S. banks to give up detailed financial information about their customers, including card transactions and checking account balances, because the social media giant wants to offer its users new services. Seeking to also be a place … Continued

First National Bank Will Stop Issuing NRA Visa Cards
17 Aug 2018

First National Bank Will Stop Issuing NRA Visa Cards

by banksadmin | posted in: Banking News | 0

First National Bank of Omaha, the nation’s largest privately-owned bank holding company, has listened to it’s customers and decided to stop issuing their NRA branded Visa card. “Customer feedback has caused us to review our relationship with the NRA. As a … Continued

Rat Eats Up Almost $19,000 in Cash and Dies in ATM
14 Aug 2018

Rat Eats Up Almost $19,000 in Cash and Dies in ATM

by banksadmin | posted in: Banking News | 0

An ATM run by The State Bank of India in the town of Tinsukia in the northeastern state of Assam, had been “out of order” for nearly a month before a technician opened it to see what was wrong. On June … Continued

Bank Refuses to Deposit Wrongfully Convicted Man’s Compensation Check for 23 Years in Prison
8 Aug 2018

Bank Refuses to Deposit Wrongfully Convicted Man’s Compensation Check for 23 Years in Prison

by banksadmin | posted in: Banking News | 0

After spending 23 years in jail for a murder he didn’t commit, Chase Bank turned Darryl Fulton away 2 separate times when he tried to deposit his compensatory check from the state of Illinois for being wrongfully imprisoned. Chase has … Continued

Man Finds $500 at Bank ATM and Does What You Won’t Believe
24 Jul 2018

Man Finds $500 at Bank ATM and Does What You Won’t Believe

by banksadmin | posted in: Banking News | 0

A Modesto, California man found $500 in the drive-thru ATM and was able to track down the rightful owner, causing a chain reaction of generosity that stunned the 92-year-old woman who forgot her rent money. Bobby Puryear pulled up to … Continued

Amazon Bank? Amazon Wants to Create Checking Accounts for Younger Shoppers
6 Jul 2018

Amazon Bank? Amazon Wants to Create Checking Accounts for Younger Shoppers

by banksadmin | posted in: Banking News | 0

Amazon is having discussions with JPMorgan Chase & Co., Capital One Financial Corp., and other banks to make a checking account like payment method for their customers. Having this form of payment would reduce the fees Amazon pays to financial … Continued

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