Consumer Finance Watchdog Sues Zelle, Major Banks for Failing to Address Fraud
The Consumer Financial Protection Bureau (CFPB) alleged that various factors, including Zelle's relatively 'limited identification methods', allowed fraud to run rampant.
US consumer watchdog sues big banks over 'widespread' fraud on Zelle payment app
The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to protect consumers from alleged "widespread fraud" on payments platform Zelle.
The US Consumer Financial Protection Bureau sues Zelle and four of its partner banks
The government agency sued Zelle’s operating company and four of its partner banks (JPMorgan Chase, Bank Of America and Wells Fargo). The CFPB says the service hasn’t done enough to protect consumers from fraud.
Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge
Bank of America sued by federal government over alleged Zelle fraud
Bank of America, Wells Fargo and JPMorgan Chase are in hot water, accused of letting Zelle fraud go unchecked, costing customers millions.
Bank of America, JPMorgan Chase, and Wells Fargo Sued Over Zelle Fraud Protection Failures
Bank of America, JPMorgan Chase, and Wells Fargo—have found themselves at the center of a lawsuit. The claim was filed by the Consumer Financial Protection […] The post Bank of America, JPMorgan Chase,
'Treadmill of debt': Consumer protection head sounds off on credit card companies' practices
Consumer Financial Protection Bureau Director Rohit Chopra tells Yahoo Finance that the high interest rates charged by credit ...
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Zelle, 3 of nation's largest banks sued by CFPB over alleged failure of fraud protections
THIS IS SOMETHING I’VE TOLD YOU ABOUT BEFORE. TONIGHT, THE CONSUMER FINANCIAL PROTECTION BUREAU IS ARGUING THE BANKS JP MORGAN CHASE, BANK OF AMERICA AND WELLS FARGO, WHICH ARE PART OWNERS OF ...
Bank Groups Sue US Government Bureau Over Overdraft Fees Rule
A new rule that caps overdraft fees at $5 is being challenged by banks who argue that it exceeds the government's authority.
Consumer protection agency finalizes rule limiting overdraft fees
The Consumer Financial Protection Bureau installed the regulation less than two months before President-elect Donald Trump ...
USA Today11d
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
Under the Consumer Financial Protection Bureau rule announced Thursday, big institutions would be required to slash their overdraft fees from $25 or $35 in many cases. The CFPB said $5 is the ...
KSTP-TV2d
Protecting Our Troops: Experts Call for Action Amid Rising Military Financial Struggles
A recent study from the Consumer Financial Protection Bureau (CFPB) shows reports of financial hardship from U.S. military ...
Consumer watchdog takes aim at credit card rewards programs
Major card issuers often play a “shell game” and deny consumers the rewards they have earned, the Consumer Financial ...
Los Angeles Times6d
Opinion: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well
They especially hate the 14-year-old Consumer Financial Protection Bureau. But most voters in both major parties support its work. Musk and Andreessen recently made their case publicly.
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Potential financial risks as more consumers turn to 'Buy Now, Pay Later' programs
Earlier this year, the Consumer Financial Protection Bureau issued a new rule stating Buy Now, Pay Later companies must ...