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 ...

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 dismissed on Tuesday its lawsuit against the the Zelle payment network and three of ...

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

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 on Tuesday dropped its lawsuit against several big banks for failing to safeguard ...

The lawsuit was dropped March 4. It had targeted Early Warning Services, the company behind the Zelle payments network, along with Charlotte-based Bank of America Corp. (NYSE: BAC), JPMorgan Chase ...

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on Zelle ...

The Consumer Financial Protection Bureau dropped a Zelle fraud protection case against Bank of America and Wells Fargo. Preston Jenkins [email protected] After getting scammed ...

The agency also said Bank of America and Chase sent customers’ transfers to the wrong recipient because of errors and inaccuracies in Zelle’s network. More than 2,200 banks and credit unions ...