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CFPB drops Zelle fraud lawsuit

In reversal under Trump, Feds drop Zelle fraud suit against Bank of America, Wells Fargo

The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with Charlotte-based Bank of America and Wells Fargo, which has its largest employment hub in the city. JPMorgan Chase was also named in the lawsuit filed in December.

The Associated Press on MSN · 1d

CFPB drops lawsuit against Bank of America, JPMorgan Chase and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office.

PCMag on MSN · 1d

Under Fire From Trump Administration, CFPB Drops Its Lawsuit Against Zelle

The agency had dismissed the case 'with prejudice,' which means victims of fraud won't be able to claim relief. It comes as Trump and DOGE move to dismantle the CFPB.

Digital Transactions10d

How Zelle Has Become a Key Part of BofA’s Digital Interaction Strategy

Bank of America Corp. customers using Zelle initiated a record 1.6 billion transactions totaling $470 billion in 2024. Transaction volume increased 25%, and dollar volume 26%, last year compared ...

16d

Zelle scams lead Chase Bank to block payment to social media contacts

A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments ...

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CFPB drops Zelle fraud lawsuit

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