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Wells Fargo To Settle Navajo Nation Lawsuit For $6.5M

PYMNTS

The Navajo Nation announced that it has settled its lawsuit against Wells Fargo & Co for $6.5 The Navajo Nation sued Wells Fargo in federal and tribal courts in 2017, claiming it targeted tribal members with “predatory sales tactics.” shareholder derivative lawsuit.

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Virtual Cards Run Into Payroll Card-Like Legal Troubles

PYMNTS

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. The debate involves virtual cards and their use by insurers to pay healthcare providers. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees.

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State Supreme Court Revives NY Payroll Card Regulation Efforts

PYMNTS

New York’s years-long payroll card regulation saga took an unexpected turn recently when the New York State Supreme Court annulled a previous appellate court ruling, reviving efforts to introduce stricter payroll card rules. Employers would also have to receive consent from their workers to receive wages via payroll card.

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Apple Watch Earns Pro QB $5K Scolding From NFL

PYMNTS

Add another job to that list: fine generator for the National Football League (NFL). Apple has added 12 new universities to its contactless student ID program, which allows students to pay for things and gain entry to locked doors, and acts as an alternative to a physical ID card.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

The bank, which attributes 31% of its loan portfolio to agriculture, opened loan production offices (LPOs) in Mississippi, Florida and Alabama. “We American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association.

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Vending Machine Commerce Encourages Digital Payments Growth

PYMNTS

Another analysis, this one the PYMNTS and Diebold Nixdorf ’s July 2018 Self-Service Retail Study , found that 45 percent of American self-service customers pay with debit cards, while 29 percent pay with credit cards and just 19 percent of the 2,170 respondents reported using cash. School Food.

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Money transfer complaints highlighted in CFPB December 2015 complaint report

CFPB Monitor

General findings include the following: As of December 1, 2015, the CFPB handled approximately 770,100 complaints nationally, including approximately 21,000 complaints in November 2015. The volume of complaints from Idaho, Alabama and Vermont increased by, respectively, 49, 38 and 36 percent.

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