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

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

The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December ...

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

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

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

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.

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

The banks’ customers lost $870 million to fraud on Zelle’s platform over seven years, according to the lawsuit. The CFPB’s broad effort to abandon the prior administration’s litigation on ...

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 ...

But Zelle scams often trick victims into transferring cash themselves. Banks have said they have no responsibility for reimbursing customers for transactions they made themselves, even if they ...

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 ...