The decision to drop the case comes as the CFPB, now led by White House budget director Russell Vought, has dropped multiple ...

The CFPB has dropped a lawsuit accusing Zelle and its bank backers of failing to clamp down on fraud. It's Trump ...

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

The U.S. Consumer Financial Protection Bureau (“CFPB”) dismissed a sweeping lawsuit against JPMorgan JPM, Bank of America Corp. BAC and Wells Fargo & Co. WFC for failing to protect consumers from ...

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 ...

Update: CNBC reports that the Consumer Financial Protection Bureau has dismissed its lawsuit against the three lead banks, as ...

If you’ve never used this service before, you might be wondering: How do I actually receive money through Zelle? We'll break ...

integrated directly into the mobile apps of major US banks. While it offers an easy alternative to cash and checks, it lacks purchase-protection for customers. Once a Zelle payment is sent, it is ...

The Zelle service “should not be used to pay for goods from recipients with whom you are not familiar,” such as social media marketplaces or messaging apps, it adds. Going forward, Chase may ...