The decision to drop the case comes as the CFPB, now led by White House budget director Russell Vought, has dropped multiple ...

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

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

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

The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against Early Warning Services and several big banks for failing to safeguard the Zelle payments network from fraud.

Update: CNBC reports that the Consumer Financial Protection Bureau has dismissed its lawsuit against the three lead banks, as ...

had claimed in its December 2024 lawsuit that the organizations had not effectively protected Zelle users “from widespread fraud,” causing customers of Bank of America, JPMorgan Chase ...

Zelle is operated by Early Warning Services, which is based in Scottsdale, Ariz. The consumer bureau sued Early Warning and three of its owners — Bank of America, JPMorgan Chase and Wells Fargo ...

Bank of America declined to comment. JPMorgan Chase, Bank of America and Wells Fargo of failing to protect consumers from fraud on Zelle costing hundreds of millions of dollars. the lawsuit alleged.

JPMorgan Chase, Bank of America and Wells Fargo, after accusing them of failing to protect users from fraud on peer-to-peer payments platform Zelle. The financial regulator on Tuesday said that it ...

The agency, which was virtually shuttered by President Donald Trump last month, in December had accused JPMorgan Chase, Bank of America and Wells Fargo of failing to protect consumers from fraud ...