A December 2024 lawsuit by the Consumer Financial Protection Bureau alleged that customers at JPMorgan Chase, Bank of America ...

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

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.

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

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 bureau had filed the lawsuit in late December against the operator of Zelle, Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect ... "Fraud has become increasingly common on ...

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

CFPB also claimed Zelle’s operator, Early Warning Services, rushed the network to the public to compete against other apps such as ... San Francisco-based Wells Fargo had $220 million in fraud ...