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 ...

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

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 ...

"Fraud is illegal. It was illegal before we created the CFPB, and it's still illegal," he says, noting that such cases could be prosecuted by the Federal Trade Commission and the Department of ...

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 ...

In December, the CFPB sued Early Warning Services, which runs the peer-to-peer payments network, as well as JPMorgan Chase, Bank of America and Wells Fargo, alleging that the firms failed to properly ...

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 ...