CFPB drops lawsuit against banks behind payment system Zelle
The CFPB, under acting director Russell Vought, dropped a lawsuit today against three of the largest banks in the U.S. The banks are co-owners of the peer-to-peer payment system Zelle and had been accused of failing to “take meaningful action” against fraud that cost customers $870 million.
A key federal watchdog is being stripped of its power to oversee potential fraud and abuse in online payment platforms just ...
One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle ...
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...
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