The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...

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 (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and ...

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 on Tuesday dropped its lawsuit against Early Warning Services and several big banks for failing to safeguard the Zelle payments network from fraud.

UPDATE: This article includes comments from Zelle. JPMorgan Chase is taking new steps to curb payments made to scammers on peer-to-peer payments platform Zelle. Starting March 23, 2025, the ...

dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Tuesday over their handling of fraud on the peer-to-peer payments network Zelle. The regulatory ...

The Consumer Financial Protection Bureau dismissed on Tuesday its lawsuit against the operator of the Zelle payment network and three of the banks that control it, JPMorgan Chase (NYSE:JPM), Bank ...

A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments made through social media networks and messaging apps. Chase said that Zelle was ...

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 ...

Bank of America declined to comment. JPMorgan Chase, Bank of America and Wells Fargo of failing to protect consumers from fraud on Zelle costing hundreds of millions of dollars. the lawsuit alleged.