The CFPB Drops Its Zelle Lawsuit As the Senate Looks to Curb the Bureau’s Power
The Consumer Financial Protection Bureau late Tuesday dropped its lawsuit against Early Warning Services LLC, operator of the Zelle person-to-person payments network. The suit had also named Bank of America, JPMorgan Chase, and Wells Fargo as defendants. The financial institutions are three of the seven bank owners of Early Warning.
One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle – ...
The beneficiaries of a weakened CFPB are clear: big banks, payday lenders, debt collectors, and financial institutions that ...
10hOpinion
The agency protects consumers from being cheated by financial entities. Ever since the Consumer Financial Protection Bureau ...
A key federal watchdog is being stripped of its power to oversee potential fraud and abuse in online payment platforms just ...
CFPB’s court filing in December 2024 alleged that the banks had rushed to capture market share which was “prioritized at the ...
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