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

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 (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and ...

The Consumer Financial Protection Bureau late Tuesday dropped its lawsuit against Early Warning Services LLC, operator of the ...

In a shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks.

The CFPB has dropped several cases since the new administration took over The CFPB dropped charges against Zelle, JP Morgan ...

But that never happened. Why the CFPB and its former director Rohit Chopra want to strangle Zelle with red tape and lawsuits remains a mystery. Zelle provides a money transfer program mostly run ...

What happens to pending cases, rules? The Zelle lawsuit is one example of CFPB actions that are in limbo under the new administration. The current order to stop work at the bureau has prevented ...

The CFPB in December sued the operator of Zelle and three of its owner banks, Bank of America, JPMorgan Chase and Wells Fargo, for “failing to protect consumers from widespread fraud,” arguing ...

The independent agency also sued the operator of Zelle, called Early Warning Services. "What they built became a gold mine for criminals," Rohit Chopra, then-CFPB director, said in December.

While Chase didn't share what exactly prompted this decision, the U.S. Consumer Financial Protection Bureau (CFPB) sued Early Warning Services (Zelle's operator) and three of its owner banks (Bank ...