The CFPB has dismissed its lawsuit against Zelle and three major U.S. banks over alleged failures to investigate fraud complaints and reimburse victims. The dismissal comes amid leadership changes and ...

Recent policies that advocates hoped would be too popular to touch are being targeted for elimination by the Consumer ...

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...

Major banks face federal lawsuit over alleged failure to protect consumers from rampant Zelle payment fraud. Learn how this ...

The CFPB's lawsuit said not all ... Bank of America and Wells Fargo who use Zelle lost a collective $870 million on the platform over the last seven years. When fraud victims reached out for ...

The suit sought to compel the banks to reimburse victims and strengthen fraud protections ... The banks and Zelle have consistently contested the CFPB’s claims. JPMorgan called the lawsuit ...