Consumer agency drops Zelle lawsuit against big banks

CFPB drops Zelle lawsuit in latest reversal under Trump administration
The Consumer Financial Protection Bureau has dropped its lawsuit over peer-to-peer payment system Zelle, the latest in a series of dismissals from this department under President Donald Trump's administration.
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.
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 agency enforcement actions.
CFPB drops Zelle fraud lawsuit
A CFPB lawsuit filed in December alleged that customers of JPMorgan Chase, Bank of America, and Wells Fargo have lost more than $870 million collectively since Zelle launched in 2017. Photo illustration by Nikolas Kokovlis/NurPhoto via Getty Images
CFPB drops lawsuit against banks behind payment system Zelle
The CFPB, under acting director Russell Vought, dropped a lawsuit today against three of the largest banks in the U.S. The banks are co-owners of the peer-to-peer payment system Zelle and had been accused of failing to “take meaningful action” against fraud that cost customers $870 million.
CFPB Drops Zelle Fraud Reimbursement Case Against JPMorgan, Wells Fargo
CFPB dropped lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged failure to prevent fraud on Zelle. Trump administration ended several consumer protection cases.
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.
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.
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The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power
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The CFPB drops its case against payment app Zelle, in another sign of a Trump pivot
It's the latest lawsuit abandoned by the Consumer Financial Protection Bureau since Trump appointees have taken over at the ...
Senate Votes to Strip CFPB of Ability to Regulate Platforms Like X
A key federal watchdog is being stripped of its power to oversee potential fraud and abuse in online payment platforms just ...
The CFPB lets JPMorgan Chase and other banks off the hook in dropping a Zelle fraud lawsuit
The Consumer Financial Protection Bureau (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and ...
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STEPHEN MOORE: For Whom The Zelle Tolls: Why Dumping Biden Era Case Against Popular Service Was Correct
One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle – ...
CFPB: Impending Doom
The beneficiaries of a weakened CFPB are clear: big banks, payday lenders, debt collectors, and financial institutions that ...