Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US. As detailed by regulators, the fine follows TD Bank’s failure to appropriately monitor ...

What Happened?© Image via Shutterstock Three of the leading U.S. banks have reported significant data breaches, compromising the personal and account information of hundreds of their customers. What Happened: The banks that have fallen prey to these security breaches include ...

Payment processor Slim CD Inc. failed to follow state and federal requirements to protect customers’ personal data, resulting in a breach that exposed the information of 1.7 million people, a proposed class action said. The Florida-based provider didn’t take reasonable ...

BOZEMAN, Mont.--(BUSINESS WIRE)--New analysis from global analytics software leader, FICO (NYSE: FICO), shows that the national average U.S. FICO® Score currently sits at 717. This is one point lower than a year ago and the same as when FICO last ...

In an era of evolving consumer preferences, merchants face mounting pressure to streamline payment processes. As payment methods diversify and the costs of transaction processing rise, open payments platforms have emerged as vital tools for merchants and aggregators. A PYMNTS ...

For the second time in five years, the U.S. Supreme Court will decide a case that arises out of the Telephone Consumer Protection Act’s (TCPA) ban on the sending of unsolicited faxes. On Friday, October 3, 2024, the Court said ...

So imagine being an independent agent of a large insurer that ends up sued in a nationwide TCPA class action and the class definition is limited to text messages sent by YOUR AGENCY. It just happened, and it has to ...

SAN FRANCISCO and NEW YORK, Oct. 9, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced ...

SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning rewards on their daily spending, while the other is for those focused on building or ...