CFPB Drops Zelle Fraud Lawsuit Against Major US Banking Institutions
In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo—along with Zelle’s operator, Early Warning Services. The case, which alleged that these institutions failed… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged bank of america, cfpb, consumer protection, digital payments, early warnings, jpmorgan, us, wells fargo, zelle