News

A Citibank representative declined to comment on the CFPB’s withdrawal, but referred the New York Law Journal to an earlier statement on the case. “Citi closely follows all laws and ...
The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never ...
Citi did not admit to any wrongdoing in its settlement with the CFPB, but it acknowledged in subsequent statements that certain employees went too far in trying to "thwart a well-documented Armenian ...
Details of Lawsuit & Its Dismissal By CFPB In December 2024 ... or offer their clients a legally necessary reimbursement for fraud and errors. The lawsuit alleged that JPM, WFC and BAC customers ...
The CFPB dropped ... consumers from fraud on Zelle. The defendants allegedly rushed to launch Zelle without implementing sufficient anti-fraud protections. Because the cases were dismissed with ...
"This is about financial institutions fulfilling their basic obligations to protect customers' money and help fraud ... its case against online lending platform SoLo Funds. The CFPB has also ...
A representative for the New York attorney general's office said the agency intended to continue pursuing the litigation in the CFPB's absence. The case had faced lengthy delays while legal ...
The Consumer Financial Protection Bureau (CFPB) has entered a period of significant ... the status of ongoing investigations and pending cases. It is unclear how these matters will be resolved ...
The bureau had filed the lawsuit in late December against the operator of Zelle, Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud ... its case ...