Zelle payments top  trillion in 2024

Zelle payments top $1 trillion in 2024

The Zelle icon is displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The firm said Wednesday that its user base jumped 12%…

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Profit falls and cost target scrapped

Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K.  Mike Kemp | In Pictures | Getty Images Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal provisions weighed on the bottom line. Net profit attributable to…

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CFPB fines Equifax  million over errors on credit reports

CFPB fines Equifax $15 million over errors on credit reports

Elijah Nouvelage/Bloomberg via Getty Images The Consumer Financial Protection Bureau fined Equifax $15 million over errors tied to consumer credit reports, alleging the company failed to conduct proper investigations of disputed information, the federal watchdog announced Friday. Equifax is one of three major credit reporting agencies in the U.S., a group that also includes Experian…

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