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 ...

The Consumer Financial Protection Bureau on Tuesday withdrew a legal brief it had filed in support of New York Attorney General Letitia James in her wire fraud case against Citibank. The brief, filed ...

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 ...

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 ...

In an unprecedented move, the CFPB has now dropped seven of the enforcement cases brought under former ... subsequently lodged complaints about fraud but were by and large denied assistance ...

But Oetken disagreed and found that the intrabank transfers consolidate consumer funds to facilitate a subsequent fraud. James also claims that Citibank specifically instructs ... will allow us to ...

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 ...