financetom
Business
financetom
/
Business
/
Bank of America in Talks With CFPB Over Zelle Network Inquiry
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bank of America in Talks With CFPB Over Zelle Network Inquiry
Oct 30, 2024 4:34 AM

07:01 AM EDT, 10/30/2024 (MT Newswires) -- Bank of America ( BAC ) said in a Tuesday filing that it is in talks with the Consumer Financial Protection Bureau over a potential resolution or enforcement action on the watchdog's inquiry into the company's electronic payments processing through the Zelle network.

The company said it has been responding to the inquiry and is evaluating next steps, including litigation.

Price: 41.82, Change: -0.71, Percent Change: -1.67

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
General Dynamics beats profit estimates on steady defense demand
General Dynamics beats profit estimates on steady defense demand
Jan 29, 2025
(Reuters) -General Dynamics beat Wall Street estimates for fourth-quarter profit on Wednesday, as sustained demand for military munitions and vehicles boosted its defense businesses. The Virginia-based company reported a 14% rise in quarterly profit to $4.15 per share, compared with analysts' estimates of $4.05 cents per share, according to data compiled by LSEG. Global demand for weapons and other military...
Kazakhstan to decide on oil output cuts after OPEC+ meeting
Kazakhstan to decide on oil output cuts after OPEC+ meeting
Jan 29, 2025
ASTANA, Jan 29 (Reuters) - Kazakhstan will make a final decision on oil production cuts after the next joint OPEC+ meeting, the Central Asian country's Energy Minister Almasadam Satkaliyev said on Wednesday. Kazakhstan has persistently exceeded its output quota of 1.468 million barrels per day (bpd) under the production-curbing deal struck by the Organisation of the Petroleum Exporting Countries and...
General Dynamics quarterly profit rises on steady defense demand
General Dynamics quarterly profit rises on steady defense demand
Jan 29, 2025
Jan 29 (Reuters) - General Dynamics ( GD ) reported a 14.2% rise in fourth-quarter profit on Wednesday, as sustained demand for military munitions and vehicles boosted its defense businesses. The Virginia-based company reported a quarterly profit of $1.15 billion, or $4.15 per share, up from $1.01 billion, or $3.64 per share, a year ago. ...
Nasdaq's quarterly profit rises as fintech shines
Nasdaq's quarterly profit rises as fintech shines
Jan 29, 2025
(Reuters) - Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator's financial technology products. Net profit attributable to the company, on an adjusted basis, came in at $438 million, or 76 cents per share, in the fourth quarter ended Dec. 31, compared with $395 million, or 72 cents per share, a year earlier....
Copyright 2023-2026 - www.financetom.com All Rights Reserved