The case was dismissed "with prejudice," meaning it cannot be brought again, the Consumer Financial Protection Bureau said in ...
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CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraudIn December, the CFPB sued Early Warning Services, which runs the peer-to-peer payments network, as well as JPMorgan Chase, ...
The banks and Zelle have consistently contested the CFPB’s claims. JPMorgan called the lawsuit an overreach, arguing that holding banks accountable for criminal acts like scams—including ...
Rules on bank and credit card fees, medical debt and payment apps are in limbo. One thing you can do is carefully check your ...
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 ...
fraud and abuse.” He appointed fiscal conservative Russ Vought as its interim director, seemingly a sign that the CFPB’s days were numbered. And yet the CFPB remains indestructible like those ...
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 ...
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