The filing of this Statement of Interest was inappropriate. The Statement represents an unsuitable method of advancing a ...

The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never ...

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 ...

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 ...

In December, the CFPB filed the Zelle fraud case against the three big banks, alleging a lack of safeguards had cost customers more than $870 million in fraud over Zelle's seven-year history.

Now, the agency under a new interim director is rapidly withdrawing those cases and others ... $870 million in fraud-related ...

The U.S. Consumer Financial Protection Bureau (“CFPB”) dismissed a sweeping lawsuit ... Co. WFC for failing to protect consumers from fraud on Zelle, the renowned payment network.

The CFPB has dropped a lawsuit accusing Zelle and its bank backers of failing to clamp down on fraud. It's Trump administration's latest move to drop enforcement actions.