The CFPB dropped a lawsuit against Zelle, JPMorgan, Bank of America and Wells Fargo on Tuesday. The lawsuit alleged the banks did not sufficiently protect customers from fraud on Zelle.

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

Representatives for the CFPB, Wells Fargo, and Early Warning Services, the joint venture of seven different banks which operates the Zelle system, did not immediately respond to requests for ...

N.A., and Wells Fargo, N.A., with prejudice," it said in a filing, as reported by CNBC. A Zelle spokesperson commented, "We welcome the CFPB’s decision to drop its lawsuit against the Zelle network.

The Consumer Financial Protection Bureau (CFPB) on Thursday dismissed its Biden-era lawsuit against Capital One that alleged ...

But a filing in the U.S. District Court for the District of Arizona on Tuesday indicated that the CFPB was dismissing its lawsuit against EWS, Bank of America, JPMorgan Chase and Wells Fargo with ...

Representatives for the CFPB, Wells Fargo, and Early Warning Services, the joint venture of seven different banks which operates the Zelle system, did not immediately respond to requests for ...

The CFPB "dismisses this action against Defendants Early Warning Services, LLC, Bank of America, N.A., JPMorgan Chase Bank, N.A., and Wells Fargo Bank, N.A., with ...

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 ...

The CFPB's lawsuit said not all of those were legitimate, and customers of JPMorgan, Bank of America and Wells Fargo who use Zelle lost a collective $870 million on the platform over the last ...