CFPB, Zelle and Wells Fargo

CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud
 · 4dGlobalData on MSN
CFPB dismisses Zelle lawsuit against JPMorgan, BofA, Wells Fargo
 · 4dDigital Transactions
The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power
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 Wells Fargo (WFC) on Tuesday over their handling of fraud on the peer-to-peer payments network Zelle.
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.”
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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 bureau.
CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.