CFPB drops lawsuit against US banks over alleged fraud on Zelle
JPMorgan Chase, Bank of America, Wells Fargo were sued by CFPB in December
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly rushing out a peer-to-peer payment network that then allowed fraud to proliferate. The agency dropped the case against JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent […]
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