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

The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with ...

The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December ...

Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...

It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.

JPMorgan Chase and Zelle of enabling widespread fraud. Being freed from the 2011 orders "is another important sign that we continue to make clear, meaningful progress to resolve our historical matters ...

Without The complaint continues: “Defendants’ failures resulted in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo) alone, including complaints of ...

This change follows a lawsuit filed in December by the Consumer Financial Protection Bureau (CFPB), which accuses Zelle and three banks that own it (Chase, Wells Fargo, and Bank of America) ...

along with two other banks that own Zelle — Wells Fargo and Bank of America — accusing them of “failing to protect consumers from widespread fraud on America’s most widely available peer ...

Early Warning's owners Bank of America, Capital One, PNC, Truist, U.S. Bank and Wells Fargo, did not respond to requests for comment on Tuesday. Zelle, Venmo and CashApp are frequently used by ...

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Chase and competing institutions, Bank of America and Wells Fargo, accusing the companies, along with Zelle, of failing ...

Zelle is a digital payments network launched in 2017 and operated by a private firm co-owned by seven major US banks, including Bank of America, Chase, and Wells Fargo. The US Consumer Financial ...