by Ken Chase | Nov 16, 2023 | Banks, News
In response to lawmaker pressure, the peer-to-peer payment service Zelle is reportedly refunding money lost by imposter scam victims. According to reports, banks using the Zelle network have been reversing fraudulent transfers initiated after June 30. What was the...
by Ken Chase | Nov 4, 2023 | News
On Wednesday, the Federal Reserve confirmed that it will continue its pause on increasing interest rates. That announcement had been expected by most analysts and will see those rates maintained at between 5.25% and 5.5%. The continued pause by the Federal Open Market...
by Ken Chase | Nov 4, 2023 | Banks, Financial, News
The list of firms that are forbidden from doing business with certain Texas governmental entities was expanded this week. Texas state Comptroller Glenn Hegar has added an additional five companies to that divestment list. The fifteen firms on that list have been...
by Ken Chase | Nov 2, 2023 | Banks, News
A new survey for the American Bankers Association (ABA) confirms that mobile banking apps remain popular with consumers. In a press release, the ABA noted that mobile banking is the top choice for 48% of customers. This latest survey marks the fourth consecutive year...
by Ken Chase | Nov 1, 2023 | Business, News
Data released this week showed that the U.S. economy continues to demonstrate resilience. According to estimates from the Commerce Department, U.S. third-quarter GDP grew at an annualized 4.9% pace. That’s the fastest rate of growth the economy has enjoyed in almost...
by Ken Chase | Nov 1, 2023 | Banks, News
The Federal Reserve surprised almost no one on Wednesday, as they proposed a reduction in the cap for bank card transaction fees. The proposal is likely to face resistance from large banks and credit card companies. However, major retailer groups have been advocating...
