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All posts tagged "Bank Of America"

Sen. John Fetterman violates financial law with botched corporate bond disclosures

Sen. John Fetterman violates financial law with botched corporate bond disclosures

Sen. John Fetterman (D-PA) and three other members of Congress appear to have violated federal law by filing late financial disclosures.

Reps. Stephanie Bice (R-OK) and Sean Casten (D-IL), along with Sen. Bill Hagerty (R-TN), were also tardy in reporting investment transactions.

Fetterman this week formally reported 30 corporate bond transactions and one stock sale made on behalf of his dependent children during 2023 — with the oldest transaction reported about 17 months after a federally mandated deadline....

Payments app Zelle begins refunds for imposter scams after Washington pressure

Payments app Zelle begins refunds for imposter scams after Washington pressure

By Hannah Lang (Reuters) - Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change. The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase and Bank of America, began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the banks' company that owns Zelle. That'......