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 ...

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 ...

Bank of America and Wells Fargo of failing to protect consumers from fraud costing hundreds of millions of dollars. Representatives for the CFPB, Wells Fargo, and Early Warning Services ...

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

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 ...

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 ...

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 ...