Zelle, CFPB

CFPB drops Zelle fraud lawsuit
T he Consumer Financial Protection Bureau (CFPB) has dismissed its lawsuit against Early Warning Services, the operator of the Zelle payments network, and three major U.S. banks:
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.”
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.
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.
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.
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.
Independent Journal Review2d
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 – ...
The Zelle scandal: why Bank of America, JPMorgan and Wells Fargo were sued
The Consumer Financial Protection Bureau (CFPB) hit three of the United States’ biggest banks with a lawsuit, which has now been dropped.
Moore: Zelle suit a cautionary tale of overreach
The very people the CFPB is supposed to protect would be the victims here. If the service is harmful to customers, then why ...
CNET2d
Steer Clear of These Common Venmo, Cash App and Zelle Scams
Digital payment apps like Zelle, Venmo, Cash App and PayPal make sending money to others a breeze. Scammers know this, which ...
US CFPB drops Zelle case against JPMorgan, BofA, Wells Fargo
The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December ...
Goodbye to transfers as you knew them: Zelle changes at Bank of America and Wells Fargo
Zelle is one of simplest ways to transfer money quickly, although limits have been established depending on the bank you use ...
InvestmentNews5d
Wall Street banks avoid court battle as toothless CFPB withdraws lawsuit
CFPB’s court filing in December 2024 alleged that the banks had rushed to capture market share which was “prioritized at the ...