The lawsuit, filed in December, accused Zelle’s parent company, Early Warning Services, along with JPMorgan Chase, Bank of ...

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect ...

The Consumer Financial Protection Bureau has dropped its lawsuit over peer-to-peer payment system Zelle, the latest in a ...

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

The agency had dismissed the case 'with prejudice,' which means victims of fraud won't be able to claim relief. It comes as ...

The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against ...

In a shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks.

It's the latest lawsuit abandoned by the Consumer Financial Protection Bureau since Trump appointees have taken over at the ...

They dismissed the Zelle suit “with prejudice” in a filing Tuesday, according to CNBC. The decision appears to be part of acting CFPB Director Russell Vought’s mission to all but close the ...

During the waning days of the Biden administration in late December, the CFPB, then led by Rohit Chopra, filed a lawsuit against Zelle operator Early Warning Services as well as Bank of America ...

The US is no longer suing JPMorgan Chase, Bank of America, and Wells Fargo over improper fraud safeguards. The US is no longer suing JPMorgan Chase, Bank of America, and Wells Fargo over ...

The CFPB has dropped several cases since the new administration took over The CFPB dropped charges against Zelle, JP Morgan ...