Consumer agency drops Zelle lawsuit against big banks

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 enf
The Zelle scandal: why Bank of America, JPMorgan and Wells Fargo were sued
The Consumer Financial Protection Bureau (CFPB) hit three of the United States’ biggest banks with a lawsuit, which has now been dropped.
Consumer agency drops Zelle lawsuit against big banks in latest legal pullback
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.
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,
Federal consumer bureau drops lawsuit over Zelle schemes
In December, the federal Consumer Financial Protection Bureau, under the Biden administration, filed a lawsuit against Zelle, JP Morgan Chase, Bank of America, and Wells Fargo,
Lawsuit Over Zelle Scams Is Dropped by Consumer Bureau
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
In reversal under Trump, Feds drop Zelle fraud suit against Bank of America, Wells Fargo
The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with Charlotte-based Bank of America and Wells Fargo, which has its largest employment hub in the city. JPMorgan Chase was also named in the lawsuit filed in December.
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.
Regulator Drops Fraud Lawsuit Against Zelle’s Parent Company, Relieving Major Banks Of Resolving...
The Consumer Financial Protection Bureau dismissed its lawsuit against Zelle operator Early Warning Services and the three banks that run transactions on it. The agency had accused JPMorgan Chase, Bank of America,
Trump Administration moves to shut down important consumer watchdog agency
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Opinion: America’s financial watchdog itself now needs protection
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Buying a Home? Without the Consumer Bureau, You Need to Be Your Own Watchdog.
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Citizens Financial Taps Regulatory Expert From Wells Fargo as Legal Chief
Before joining Wells Fargo, Moosally spent five years as U.S. general counsel for the Spain-based bank Santander. She was an ...
Why Americans need the CFPB
The agency protects consumers from being cheated by financial entities. Ever since the Consumer Financial Protection Bureau ...
Banking Dive2d
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.
Ohio's Richard Cordray, ex-CFPB director, lambasts Trump for wiping out 'police' of banks
Richard Cordray, first director of the Consumer Financial Protection Bureau, warns that President Trump is trying to wipe out ...