31, 2024, came from social media. A December 2024 lawsuit by the Consumer Financial Protection Bureau alleged that customers ...

The CFPB has dropped a lawsuit accusing Zelle and its bank backers of failing to clamp down on fraud. It's Trump administration's latest move to drop enforcement actions.

The Consumer Financial Protection Bureau (CFPB) hit three of the United States’ biggest banks with a lawsuit, which has now been dropped.

Zelle has become one of the most populating banking apps in the United States, although users must follow certain regulations ...

The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with Charlotte-based Bank of America and Wells Fargo, which has its largest employment ...

24 (Xinhua) -- U.S. financial giants Wells Fargo, JP Morgan Chase and Bank ... over alleged unchecked fraud on the Zelle payment app, setting up a legal showdown that the incoming Donald Trump ...

A top U.S. banking regulator terminated a 2021 consent order against Wells Fargo for deficiencies ... of the payment service Zelle, court papers show. Wells Fargo is scrapping its goal of ...

The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.

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 ...

Big banks are no longer facing a CFPB lawsuit over Zelle fraud claims after the agency dropped its case against JPMorgan, BofA and Wells Fargo.