It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.

The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against several big banks for failing to safeguard ...

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...

CFPB dropped lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged failure to prevent fraud on Zelle.

The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against ...

As these fake accounts grew, the CEO of Wells Fargo at the time, John Stumpf, raked in bigger and bigger bonuses. After the ...

A 31-year-old Henrico man was sentenced to three years and 10 months in prison for conspiracy to commit bank fraud.

The men in the country on work and vacation visa documents from Bangladesh and India were arrested in the scam, officials said.

Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...

Before joining Wells Fargo, Moosally spent five years as U.S. general counsel for the Spain-based bank Santander. She was an ...

Bank of America and Wells Fargo, after accusing them of failing to protect users from fraud on peer-to-peer payments platform Zelle. The financial regulator on Tuesday said that it dismissed its ...

A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally ...