The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...

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

The Consumer Financial Protection Bureau (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and ...

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

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

The Consumer Financial Protection Bureau dismissed on Tuesday its lawsuit against the the Zelle payment network and three of ...

dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Tuesday over their handling of fraud on the peer-to-peer payments network Zelle. The regulatory ...

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 dynamic of how payments are made has evolved to be heavier on the digital side with Zelle now a huge portion of consumer transactions, but Moynihan said Bank of America still sees customers using ...

Bank of America Corp. customers using Zelle initiated a record 1.6 billion transactions totaling $470 billion in 2024. Transaction volume increased 25%, and dollar volume 26%, last year compared to ...

In 2022, customers of JPMorgan, Bank of America and Wells said that they lost a combined total of $456 million to scams and fraud on Zelle, according to Sen. Richard Blumenthal, D-Conn., who chaired ...

Without The complaint continues: “Defendants’ failures resulted in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo) alone, including complaints of ...