New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting ...

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

As digital payment platforms like Zelle become increasingly popular, major U.S. banks are implementing restrictions to ...

The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against ...

Zufall said she didn't make the payment for $1,300, so she immediately responded "no" to the text. Within minutes, she got a call from someone claiming to be with the Wells Fargo fraud department. The ...

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

CFPB dropped lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged failure to prevent fraud on Zelle.

The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.

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

Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...

The investigation is ongoing. Wells Fargo’s filing marks the first major lawsuit against a lender in the broader commercial mortgage fraud scandal. Lenders have largely claimed to be victims of ...

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