The Consumer Financial Protection Bureau has sued some of the largest U.S. corporations and banks before the changeover to ...

Comerica has denied the charges and is countersuing the CFPB. The agency also announced four separate rules, including one limiting bank overdraft fees that was immediately challenged by the ...

CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

In fact, JPMorgan said in August that it was considering litigation against the CFPB if the regulator sought to punish the bank for its role in the Zelle network. The CFPB wants to force banks to ...

A Zelle spokesperson said the CFPB’s lawsuit is legally and factually flawed while a representative for JPMorgan called them “a last-ditch effort in pursuit of their political agenda.” Bank ...

The regulator says that the banks—Bank of America, JPMorgan Chase and Wells Fargo—allowed fraud to run rampant on Zelle and failed to put safeguards in place to protect users. Find out more: ...

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