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JPMorgan payments executiveCNBC
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87% Informative
JPMorgan disclosed that the Consumer Financial Protection Bureau could punish the lender for its role in Zelle , the giant peer-to-peer digital payments network.
The bank is accused of failing to kick criminal accounts off its platform and failing to compensate some scam victims.
JPMorgan issued a thinly veiled threat: "The firm is evaluating next steps, including litigation".
Financial industry has racked up several victories so far.
Some say the threat of litigation helped convince the Federal Reserve to offer a new Basel Endgame proposal.
It's not even clear if the watered-down version of the proposal will ever be implemented because it won't be finalized until well after U.S. elections.
VR Score
90
Informative language
90
Neutral language
52
Article tone
formal
Language
English
Language complexity
63
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
19
Source diversity
17
Affiliate links
no affiliate links