The filing of this Statement of Interest was inappropriate. The Statement represents an unsuitable method of advancing a ...
Citi did not admit to any wrongdoing in its settlement with the CFPB, but it acknowledged in subsequent statements that certain employees went too far in trying to "thwart a well-documented Armenian ...
Los Angeles officials are reaching out to the local Armenian community for assistance with an ongoing investigation into allegations of discriminatory banking practices.
The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never ...
Now, the agency under a new interim director is rapidly withdrawing those cases and others ... $870 million in fraud-related ...
The CFPB dropped ... consumers from fraud on Zelle. The defendants allegedly rushed to launch Zelle without implementing sufficient anti-fraud protections. Because the cases were dismissed with ...
"This is about financial institutions fulfilling their basic obligations to protect customers' money and help fraud ... its case against online lending platform SoLo Funds. The CFPB has also ...
In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB ... case, which alleged that these institutions failed to protect consumers from widespread fraud ...
When fraud victims reached out for assistance, the banks were largely unhelpful, the CFPB alleged; in some cases, victims were told to simply ask for their money back from the scammers.
The CFPB has dropped a lawsuit accusing Zelle and its bank backers of failing to clamp down on fraud. It's Trump administration's latest move to drop enforcement actions.
The bureau had filed the lawsuit in late December against the operator of Zelle, Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud ... its case ...
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