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.
CFPB alleges 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
The US Consumer Financial Protection Bureau sues Zelle and four of its partner banks
On Friday, the Consumer Financial Protection Bureau (CFPB) sued four financial companies involved with Zelle. The CFPB’s lawsuit (via CNBC) accuses Zelle’s operator (Early Warning Services) and three of the service’s partner banks — JPMorgan Chase,
Three Big Banks Sued by CFPB Over Zelle Scams
Three of the biggest U.S. banks are being sued by a top financial regulator that says they allowed fraud to run rampant on the payments platform Zelle and failed to put safeguards in place to protect users.
CFPB sues JPMorgan, Bank of America and Wells over Zelle
The Consumer Financial Protection Bureau sued the operator of Zelle and three large banks “for failing to protect consumers from widespread
Zelle and America’s biggest banks are being sued for putting your funds at risk
The CFPB has filed a lawsuit against Zelle and three major US banks over allegations of failing to adequately protect consumers from fraud.
'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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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 Financial Protection Bureau: the watchdog Republicans love to hate
The CFPB was established when Congress passed and President Barack Obama signed the Dodd-Frank Wall Street Reform and ...
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 ...
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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 ...
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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.
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 ...
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 ...
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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 ...
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Daily Financial Regulation Update -- Friday December 13
The Consumer Financial Protection Bureau issued a final rule addressing overdrafts, applicable to banks and credit unions ...