In exchange for ₹10 thousand, one has to pay 3.28 lakh, the bank received a big penalty
A customer was awarded ₹3.28 lakh by a consumer court after ₹10,000 was erroneously debited from his account despite an ATM transaction failing to provide cash.
BBC expert's warning over new pay method on Amazon and airlines
A BBC expert has warned that the new 'pay by bank' method adopted by online retailers like Amazon could erode crucial consumer protections.
Master Case: Central Bank decides to change compulsory reserve rule to pay FGC bill
The Central Bank of Brazil has announced a resolution allowing banks to direct compulsory reserve funds to the Credit Guarantee Fund (FGC), potentially freeing up R$ 30 billion by 2026.
Anyone using new Amazon pay method given 'protection risk' warning
A consumer expert has raised concerns about Amazon's new payment method, Pay by Bank, which lacks key consumer protections.
Netflix quietly adds 'must watch' heist thriller based on real gang of robbers
Cash Queens or Les Lionnes is a new Netflix crime thriller that follows five women, led by Rosalie, as they execute a daring bank heist to pay off her husband's debt.
Digital bank condemned by justice for closing customer's account without prior notice in São LuÃs
Nubank was ordered by the Maranhão court to pay R$ 3,000 to a client for closing their account without justification or prior notice and keeping it inaccessible for nearly a month.
Lloyds questioned by watchdog over use of staff banking data in pay talks
The information watchdog is investigating Lloyds Banking Group for potentially violating privacy rules by accessing data from 30,000 staff bank accounts during union pay negotiations.
Why you should think twice before using common payment method
The article discusses the drawbacks of using the 'pay by bank' option provided by major retailers as part of a money tips newsletter.