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CFPB, Zelle and Bank of America

CFPB Sues Major Banks Over Zelle Fraud Response

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

USA Today · 17h

Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app

The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.

The San Joaquin Valley Sun · 15h

CFPB sues Walmart for illegally opening bank accounts

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart and fintech company Branch Messenger for allegedly compelling over a million delivery workers to utilize costly deposit accounts to access their paychecks.

Benzinga.com · 16h

'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)

Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for failing to protect consumers from widespread fraud on the peer-to-peer payment network,

Arkansas Democrat-Gazette · 2d

3 institutions face lawsuits over Zelle app fraud reports

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the Consumer Financial Protection Bureau over claims of unchecked fraud on the Zelle payment app -- setting up a legal showdown that the incoming Trump administration could quash as soon as next month.

Hosted on MSN1d

CFPB Targets Credit Card Companies Over Reward Scams and Sky-High Interest Rates

With a move designed to shake the foundations of the credit card industry, the Consumer Financial Protection Bureau (CFPB) ...

3don MSN

Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access

The Consumer Financial Protection Bureau has filed a flurry of suits against major U.S. firms in recent months as the Biden ...

Sierra Sun Times2d

Consumer Financial Protection Bureau (CFPB) Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage

The CFPB’s lawsuit against Rocket Homes, The Mitchell Group, and Jason Mitchell seeks a stop to alleged unlawful conduct, ...

2d

Consumer protection agency closes the Biden era taking big swings

Three new lawsuits filed by the CFPB take aggressive actions that could potentially be reversed by President-elect Donald ...

1d

Even if CFPB Trims Rulemaking, It Will Keep Eyeing Data Brokers

Troutman Pepper attorneys highlight legal obligations under the Fair Credit Reporting Act and how companies should continue ...

Sierra Sun Times11d

Consumer Financial Protection Bureau (CFPB) Closes Overdraft Loophole to Save Americans Billions in Fees

Cap their overdraft fee at $5: Under this simple option, covered banks and credit unions could simply cap their fee at $5, ...

3don MSN

CFPB sues Walmart, Branch Messenger for forcing drivers to use costly deposit accounts

Walmart and a financial tech company are being sued over allegations the retail giant forced drivers to use costly, ...

CFPB Calls on Other Enforcement Agencies to Address Bait-and-Switch Credit Card Rewards Practices

On December 18, 2024, the Consumer Financial Protection Bureau (the “CFPB”) issued a circular to other law enforcement agencies warning that ...

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