CFPB, Zelle and Wells Fargo

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 payment platform and three U.S. banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office.
CFPB drops lawsuit against JPMorgan, BofA, Wells Fargo alleging fraud on Zelle
The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against Capital One.
US CFPB drops Zelle case against JPMorgan, BofA, Wells Fargo
The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December against three of the nation's largest banks over their handling of the payment service Zelle,
Lawsuit targeting Bank of America, Wells Fargo and others over Zelle fraud dropped by CFPB
It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.
The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power
The Consumer Financial Protection Bureau late Tuesday dropped its lawsuit against Early Warning Services LLC, operator of the Zelle person-to-person payments network. The suit had also named Bank of America, JPMorgan Chase, and Wells Fargo as defendants. The financial institutions are three of the seven bank owners of Early Warning.
Trump's CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Zelle logo phone Sheldon Cooper/SOPA Images/LightRocket via . The Consumer Financial Protection Bureau has dropped its lawsuit against the operator of peer-to-peer pay
CFPB dismisses Zelle lawsuit against JPMorgan, BofA, Wells Fargo
The US Consumer Financial Protection Bureau (CFPB) has reportedly notified a federal court in Arizona that it is dismissing the lawsuit lodged in December against three banks over their management of the Zelle payment service.
In reversal under Trump, Feds drop Zelle fraud suit against Bank of America, Wells Fargo
Zelle is co-owned by the banks listed in the lawsuit and several other large financial institutions such as Capitol One, U.S. Bank and Charlotte-based Truist. Last year, the consu
Feds drop lawsuit targeting big banks over Zelle fraud
The Consumer Financial Protection Bureau has dismissed its lawsuit against Zelle's operator and its owner banks.
CFPB: Impending Doom
The beneficiaries of a weakened CFPB are clear: big banks, payday lenders, debt collectors, and financial institutions that ...
Banking Dive1d
Comerica urges judge not to give CFPB more time on lawsuit
The stay requested by the CFPB would prolong the harm Comerica is experiencing due to the “meritless” lawsuit, the bank said.
Republicans move to repeal Biden's CFPB rule capping overdraft fees
Republicans in Congress are trying to overturn a Biden-era rule that would slash excessive overdraft fees charged by big ...
JD Supra3d
Significant Changes at the CFPB under the Second Trump Administration
The Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) has recently made headlines in the past month under the ...
Why Americans need the CFPB
The agency protects consumers from being cheated by financial entities. Ever since the Consumer Financial Protection Bureau ...