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 ...

The banks and Zelle have consistently contested the CFPB’s claims. JPMorgan called the lawsuit an overreach, arguing that holding banks accountable for criminal acts like scams—including ...

In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven ...

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 ...

The CFPB "dismisses this action against Defendants ... A JPMorgan spokeswoman said that while "banks play a crucial role in scam prevention and consumer education.... this is a national security ...

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 ...