CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud
US CFPB drops Zelle case against JPMorgan, BofA, Wells Fargo
Lawsuit Over Zelle Scams Is Dropped by Consumer Bureau
The CFPB lets JPMorgan Chase and other banks off the hook in dropping a Zelle fraud lawsuit
The Consumer Financial Protection Bureau (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Tuesday over their handling of fraud on the peer-to-peer payments network Zelle.
CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.