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#Banking #Outage Leaves Customers Without Account Access

Updated: May 2, 2025 By Robert Farrington

Excerpt:

"Banking Grinds To A Halt

"#Fiserv supplies the infrastructure behind many major financial institutions’ digital platforms. When its systems fail, the effects cascade quickly across the financial ecosystem.

"Banks affected include major players such as #Ally, #BankOfAmerica, #TDBank, #CapitalOne, #Synchrony, and #CitizensBank, as well as #RegionalBanks and local institutions like #NorthwestBank, #SunflowerBank, and #FarmersNationalBank in Ohio. #CreditUnions such as Navy Federal. Even money transfer service #Zelle appears to be impacted.

"Customers have reported a range of issues: locked accounts, unavailable balances, non-functioning transfers, and missed direct deposits.

"One IT staffer at a bank impacted by the outage shared on Reddit, 'It's been a nightmare. ACH files, Zelle, BillPay, and more have all been impacted.'

"Fiserv has not confirmed what the cause of the incident is. According to reports, the outage allegedly appears to have originated from problems with its core processing software (DNA) and related services like Nautilus (document and content management) and Payment Exchange (real-time transfers).

"While some functionality has returned for select services, many banks are still experiencing intermittent issues as of Friday afternoon.

"We reached out to Fiserv for comment but as of publication had not heard back. As of now, Fiserv has not released a public timeline for full restoration or details of the cause of the incident.

"This incident is more than just an inconvenience - it highlights how fragile the digital banking experience can be when so many institutions rely on a single vendor.

"Fiserv supports everything from transaction processing to statement delivery. When one system fails, it's not just a front-end website that goes dark. Payments don’t go through. Payroll deposits don’t arrive. Consumers lose access to their money."

thecollegeinvestor.com/57421/b

#OnlineBanking update. Datacenter incident, eh? Does that mean someone hit a switch, or was it a #CyberAttack ?

Customers of #TDBank, #Zelle, and other #banks report multiple issues

by: Dominique Jack

Posted: May 2, 2025 / 08:27 AM EDT
Updated: May 2, 2025

NEW YORK (PIX11) — "Hundreds of customers with TD Bank, Zelle and multiple other banks reported issues with logging into their accounts and sending payments on Friday morning, according to DownDetector.

"Some of the other banks in which customers reported having issues on DownDetector were #NBTBank, #FlagstarBank, #CadenceBank, #WebsterBank, #ParkNationalBank and #NorthwestBank.

"By 8 a.m. almost 800 people reported issues with TD Bank and Zelle with reports continuing to rise. By 10 a.m. users began reporting similar issues with services such as #AllyBank, #ProsperityBank, #BankOfAmerica, #NavyFederalCreditUnion, #CapitalOne and #Santander.

"Representatives for Webster Bank and Zelle told PIX11 News that multiple banks appeared to be experiencing issues due to a third-party vendor. [As I surmised...]

“A third party vendor is experiencing a datacenter incident that is impacting Webster and other banks. We are working diligently with our vendor to resolve any technology access issues our clients may be experiencing as quickly as possible,” the Webster Bank representative said. "

pix11.com/news/local-news/cust

Continued thread

While its certainly true that part of why so much of the US mainstream establishment, particularly in the private sector, is willing to collaborate openly with the fascist Trump regime is because they prefer fascism to sharing, it's also true that there are clear material benefits to legitimizing and supporting the Trumpenreich regime. In what reasonable people would describe as "open corruption," Federal Election Commission data shows that the administration has dropped or frozen federal enforcement cases against "at least 17 corporations that donated to the president's inaugural fund."

commondreams.org/news/trump-co

'See How This Works?': Trump Drops Cases Against Corporations That Funded His Inauguration

"Public Citizen found that corporations facing federal investigations or enforcement lawsuits donated a combined $50 million to President Donald Trump's inaugural committee. Trump raised a record sum of $239 million for his second inauguration, the new FEC filings show.

"Corporations facing federal lawsuits and investigations aren't giving millions to Trump's inauguration out of the kindness of their hearts," said Public Citizen researcher Rick Claypool. "They are trying to buy good will. And when you're a corporation under investigation or facing prosecution, that means the government dropping enforcement actions against you. In some cases, it may even mean receiving pardons in cases in which guilty pleas have already been entered, or retractions of settlements already entered into."

Bank of America, Capital One, Coinbase, DuPont, and JPMorgan are among the corporations that donated to Trump's inauguration and subsequently had federal enforcement cases dismissed.

Public Citizen noted that Google, which donated $1 million to Trump's inaugural committee, could benefit from the Trump Justice Department's decision during an ongoing antitrust case to scrap part of a "proposed breakup plan requiring Google to sell off AI businesses."

As the article notes, dropped federal enforcement cases against corporations that paid millions to kiss the ring at the Klepto Kaiser's inauguration isn't the only way large corporate actors like Apple, Google, and Coinbase have directly benefited from fascist collaboration. Apple in particular must be delighted with Trump's decision to exempt most of its imports from his absurd tariffs; which seems like a ridiculously good return on its investment of a million dollars for Der Leader's inauguration. Finally, while I personally don't care that much about the regime's decision to monetize the Easter Egg Roll by accepting corporate sponsors, it does speak to the crass levels of greed and corruption the administration and its lawless president are willing to engage in.

On some level I understand that right now it's hard to care that much about bog standard open corruption between the Trump regime and corporate actors happy to normalize and facilitate fascism for five points a share. The Pork Reich is snatching protestors off the street, fighting a war that doesn't exist against a gang that isn't invading us while trafficking migrants to a torture prison in El Salvador, and Elon Musk is firing thousands of federal workers in a scheme to pay for billionaire tax cuts that will absolutely get people killed. There's a lot going on, and "rich capitalists are doing something terrible for their own financial benefit" almost doesn't rate as "news" in an environment like the one we're living in.

The fact is however, it's precisely because of all the other evil fascist shit is going on that private sector collaboration with the Trump regime is such an important story. As I've explained elsewhere: fascism costs American society a horrifying toll both financially and in terms of human suffering, but the installation and operation of a fascist regime can be quite profitable for some. These companies, many of whom also contribute to Republican election funds and political action committees, absolutely know what Trump is and what he means to do because Downmarket Mussolini and his minions say the quiet parts out loud on the regular. They just don't give a fuck, and are happy to help a fascist government normalize its authoritarian activities and odious ideology by touting the support they receive from respected American corporations; as long as doing so pays off on their bottom line.

There are many reasons for the rise of a successful fascist movement in an America that has always embraced what today we recognize as fascist ideology; trying to pin it down to one specific factor is a fool's errand. But if and when the history of this era is written, I'm willing to bet that rampant greed and a ruling class that lusts for power over the rest of us will rank pretty highly on the list of contributing factors to this political moment.

Archived: archive.ph/tXEjr

Common Dreams · 'See How This Works?': Trump Drops Cases Against Corporations That Funded His Inauguration | Common Dreams"Corporations facing federal lawsuits and investigations aren't giving millions to Trump's inauguration out of the kindness of their hearts. They are trying to buy goodwill."

Ninth Circuit Reverses Probation Sentence for Paige Thompson: reason.com/volokh/2025/03/18/n

As with the recent case involving Conor Brian Fitzpatrick (aka "Pompompurin"), the appellate court found that the district court's time-served plus probation sentence for Paige Thompson was too significant a departure from federal sentencing guidelines. Although the court could properly consider factors such as being transgender and autistic, they shouldn't have ignored other sentencing factors so much.

#hack #CapitalOne #AWS #transgender #ASD

h/t, @campuscodi

Reason.com · Ninth Circuit Reverses Probation Sentence for Transgender HackerBy Eugene Volokh

#CFPB #capitalone #trump #maga

Wake up maga , the Trump administration cares more about the corporations than his voters;

“The Consumer Financial Protection Bureau (CFPB) abruptly dropped cases on Thursday against multiple companies that had previously been accused of hurting consumers.

Court filings indicate that the consumer watchdog has decided to dismiss lawsuits previously filed against Capital One, Rocket Homes, a unit of Warren Buffett’s Berkshire Hathaway and a student loan servicer. Just weeks earlier the CFPB accused Capital One of “cheating” millions of customers out of billions of dollars of interest payments.”

amp.cnn.com/cnn/2025/02/27/bus

CNN · Consumer watchdog quits cases against firms accused of ripping off AmericansBy Matt Egan
Continued thread

But on Thurs, the #Trump #CFPB dropped several complaints against financial institutions, including the ones for #CapitalOne & #RocketHomes.

“We welcome the CFPB’s decision to dismiss this action, which we strongly disputed,” a spokesperson for Capital One said in an emailed statement.

In a statement, Rocket Homes said: “This case was a misrepresentation of the facts, as we have said from the day the suit was filed.”

#consumer#Musk#law

Back in November my local bank notified me that my credit score had dropped—an identity thief had made seven credit applications in my name. After repeated failed attempts to reach by phone (one of the banks the thief had applied to and who had made a hard pull on my credit report) I sent them a letter with a copy of my credit report and a description of the situation. I got a letter back from them today asking for…a letter and a copy of my credit report.