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

The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with ...

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 decision to drop the case comes as the CFPB, now led by White House budget director Russell Vought, has dropped multiple ...

It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.

In a shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks.

Zelle is operated by Early Warning Services ... reshape the steps that banks must take to shield their customers from fraud on payments apps. But Mr. Chopra was fired last month by President ...

The regulatory agency had alleged in its lawsuit, filed in U.S. District Court in Arizona in December under the Biden Administration, that failures to stop fraud perpetrated through Zelle by some ...

The Consumer Financial Protection Bureau notified a federal court Tuesday that it is ending its lawsuit against Early Warning Services over fraud committed on Zelle, the peer-to-peer payment ...

The complaint against Zelle is that the service doesn't do enough to root out internet fraudsters. These are mostly foreign fraud cartels that prey on unsuspecting clients throughout the world.