Taxpayers are being warned about a new scam involving unsolicited text messages impersonating the Internal Revenue Service ...

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

The apparent decision to keep supervision inert could run counter to claims the CFPB has made in court that it remains committed to meeting its legal obligations. The agency has denied in ...

T he Consumer Financial Protection Bureau (CFPB) has dismissed its lawsuit against Early Warning Services, the operator of ...

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect ...

Zelle in particular was called out by the US Consumer Financial Protection Bureau (CFPB) for its very limited ... whether your payment has elevated fraud or scam risk, or is an illegal, ineligible ...

A Zelle spokesperson commented, "We welcome the CFPB’s decision to drop its lawsuit against the Zelle network. As we’ve said before, this lawsuit was without merit, and legally and factually ...

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 ...

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 ...

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 ...