Zelle, CFPB and Wells Fargo

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.
CFPB drops lawsuit against JPMorgan, BofA, Wells Fargo alleging fraud on Zelle
The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against Capital One.
Federal consumer bureau drops lawsuit over Zelle schemes
In December, the federal Consumer Financial Protection Bureau, under the Biden administration, filed a lawsuit against Zelle, JP Morgan Chase, Bank of America, and Wells Fargo,
CFPB lets banks off the hook and drops Zelle lawsuit
The CFPB, which enforces regulations against the financial services industry, had claimed in its December 2024 lawsuit that the organizations had not effectively protected Zelle users “from widespread fraud,” causing customers of Bank of America, JPMorgan Chase, and Wells Fargo to lose a combined $870 million since Zelle launched in 2017.
CFPB drops suit against Zelle, JPMorgan, Wells Fargo, Bank of America (updated)
The Consumer Financial Protection Bureau dismissed on Tuesday its lawsuit against the the Zelle payment network and three of the banks that control it, JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC),
CFPB drops Zelle fraud suit against JPMorgan, BofA, Wells Fargo
The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.
CFPB Drops 'Zelle' Lawsuit Against JPMorgan, Bank of America, Wells Fargo
The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against several big banks for failing to safeguard the Zelle payments network from fraud. During the waning days of the Biden administration in late December,
Feds drop lawsuit targeting big banks over Zelle fraud
The Consumer Financial Protection Bureau has dismissed its lawsuit against Zelle's operator and its owner banks.
CFPB dismisses Zelle lawsuit against JPMorgan, BofA, Wells Fargo
The US Consumer Financial Protection Bureau (CFPB) has reportedly notified a federal court in Arizona that it is dismissing the lawsuit lodged in December against three banks over their management of the Zelle payment service.
Compliance Week2h
Dismissal of CFPB’s Zelle case marks shift to ‘collective effort’ in consumer protection
The Trump administration isn't slowing down its efforts to defang the Consumer Financial Protection Bureau, with lawsuits ...
The CFPB lets JPMorgan Chase and other banks off the hook in dropping a Zelle fraud lawsuit
The Consumer Financial Protection Bureau (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and ...
Lawsuit Over Zelle Scams Is Dropped by Consumer Bureau
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally ...
CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...