Trump's CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Zelle logo phone Sheldon Cooper/SOPA Images/LightRocket via . The Consumer Financial Protection Bureau has dropped its lawsuit against the operator of peer-to-peer pay
CFPB dismisses Zelle lawsuit against JPMorgan, BofA, Wells Fargo
The US Consumer Financial Protection Bureau (CFPB) has reportedly notified a federal court in Arizona that it is dismissing the lawsuit lodged in December against three banks over their management of the Zelle payment service.
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 against three of the nation's largest banks over their handling of the payment service Zelle,
Why Bank Stocks JPMorgan Chase, Wells Fargo, and Citigroup Are Getting Slammed Today
Shares of JPMorgan Chase ( JPM -3.98%), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET. Shares of Wells Fargo ( WFC -4.84%) traded 6.5% lower at that time, while shares of Citigroup ( C -6.25%) were down 7.5%.
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 US Banks Over Alleged Fraud on Zelle
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly rushing out a peer-to-peer payment network that then allowed fraud to proliferate.
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