Wells Fargo has become embroiled in a legal dispute over manipulation of customer account data to maximize profits. Having been caught practicing so-called ‘reordering’ along with other major US banks, the international giant is seeking a ruling from the courts again after six years of battling payout claims from misled customers. “The bank is being uniquely aggressive,” National Consumer Law Center associate director Lauren Saunders told Vice. The legal debacle centers on Wells Fargo rearranging the order of transactions on bank statements to ensure an unarranged overdraft fee is applied as often as possible in a given period. Known as …

Less and less time remains until April 6th - the day when Alte Kongresshalle, Munich, will open its doors for one of the most promising industry events of this year, BlockShow Europe 2017. It was November when we wrote about this conference for the first time. Now, we are sharing the latest progress from its organizers. Rainmaking Innovation: partnership and beyond One of the most important BlockShow updates was a new partner joining the conference - Rainmaking Innovation, a global Innovation Consulting & Startup Acceleration platform. Most notably, the partnership has gone even further in that particular case - Elizabeth …

JP Morgan Chase & Co., the largest bank in America and one of the world's major provider of financial services, recently issued its 2014 annual report, in which the firm's chairman and CEO Jamie Dimon suggests that new competitors are "looking to compete with banks," and that his firm is "keeping an eye on [these emerging players]," most particularly on Silicon Valley's startups. "Silicon Valley is coming," warns Dimon. "There are hundreds of startups with a lot of brains and money working on various alternatives to traditional banking." What the executive is referring to is nothing else but the financial-technology …