The U.S. Consumer Financial Protection Bureau has disclaimed a Biden-era interpretation of federal law that could hold banks responsible for online fraud ... Citibank criticized the case and ...

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 ...

The bureau’s brief was withdrawn because it “advances an interpretation of the Electronic Funds Transfer Act that has never ...

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 ...

Details of Lawsuit & Its Dismissal By CFPB In December 2024 ... or offer their clients a legally necessary reimbursement for fraud and errors. The lawsuit alleged that JPM, WFC and BAC customers ...

The Consumer Financial Protection Bureau ... that made fraud easy, and then refusing to help the victims." However, that was then. On Tuesday the administration dropped its case against Zelle ...

The Consumer Financial Protection Bureau notified a federal court Tuesday that it is ending its lawsuit against Early Warning Services over fraud committed on Zelle, the peer-to-peer payment ...

The Consumer Financial Protection Bureau has dropped its ... running a payment system that made fraud easy, and then refusing to help the victims." However, that was then. On Tuesday the ...