Banking

Warren attacks JPMorgan Chase for financial advice tweet to customers

Democratic presidential hopeful Elizabeth Warren was scathing in her criticism for JPMorgan Chase.
Sen. Elizabeth Warren (D-Mass). Photo by Ethan Miller/Getty Images

Democratic presidential candidate Sen. Elizabeth Warren (D-Mass) led criticism of JPMorgan Chase, the country’s largest bank, after it attempted to offer financial advice to struggling customers Monday.

Fintech firm Fiserv sued over alleged security lapses and pervasive bugs

The financial technology firm Fiserv, a major maker of banking software, is being sued by a Pennsylvania credit union over alleged "baffling security lapses," significant bugs and rampant billing errors.

Why it matters: Fiserv is a major global provider whose software is critical for banks. Problems with its products could affect as many as 12,000 clients, per the Fiserv website, and cause significant damage. In the lawsuit, the Bessemer System Federal Credit Union refers to Fiserv's products as the "lifeblood" of its company.