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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 · 1h

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.

Benzinga.com · 5h

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

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 · 1d

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 MSN20h

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) ...

2don 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 ...

11h

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 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, ...

2don MSN

CFPB Sues Walmart, Branch Messenger for Pay Practices for ‘Last-Mile’ Drivers

The lawsuit alleges that Walmart deposited drivers’ pay into accounts with payment platform Branch Messenger without the ...

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 ...

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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