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 bureau dismissed the case without prejudice – meaning it could refile the lawsuit – setting it apart from other recent ...

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 ...

In the Citibank case, the Consumer Financial Protection Bureau alleged that a bank unit ... suspecting they would be more likely to commit fraud. Applicants were turned down, approved for credit ...

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 ...

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 on Friday dismissed its case against Comerica Bank ... and repeatedly failed to address complaints of fraud in an appropriate time period or provided ...

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 ...