The Consumer Financial Protection Bureau dropped its lawsuit against the company that runs the Zelle payment platform and ...

In 2023, the Consumer Financial Protection Bureau cited Citibank for discriminating against Armenian Americans. The recent ...

The case was dismissed "with prejudice," meaning it cannot be brought again, the Consumer Financial Protection Bureau said in ...

In the federal civil complaint, the CFPB asserted that the banks rushed to get the peer-to-peer payments platform to market without effective safeguards against fraud and then, after consumers ...

In December, the CFPB sued Early Warning Services, which runs the peer-to-peer payments network, as well as JPMorgan Chase, ...

CFPB Drops Lawsuit Against Bank of America, JPMorgan Chase and Wells Fargo Over Zelle Fraud The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle ...

Zelle has drawn fire from consumers, regulators and lawmakers over the rise in fraud on its platform. The Wall Street Journal in August reported that the CFPB was probing the banks over their ...

alleging that the firms failed to properly investigate fraud complaints or give victims reimbursement. The CFPB "dismisses this action against Defendants Early Warning Services, LLC, Bank of ...

CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud FILE - Options to use the Zelle payments network are seen on a mobile banking app in New York on Friday ...