It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...

The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with ...

The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December ...

and Wells Fargo to lose a combined $870 million since Zelle launched in 2017. The regulator’s filing says it is dismissing its court case with prejudice, meaning that it can’t bring its claims ...

dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Tuesday over their handling of fraud on the peer-to-peer payments network Zelle. The regulatory ...

The agency, which was virtually shuttered by President Donald Trump last month, in December had accused JPMorgan Chase, Bank of America and Wells Fargo of failing to protect consumers from fraud ...

Bank of America and Wells Fargo, after accusing them of failing to protect users from fraud on peer-to-peer payments platform Zelle. The financial regulator on Tuesday said that it dismissed its ...

In December, the CFPB sued Early Warning Services, which runs the peer-to-peer payments network, as well as JPMorgan Chase, Bank of America and Wells Fargo, alleging that the firms failed to ...

along with two other banks that own Zelle — Wells Fargo and Bank of America — accusing them of “failing to protect consumers from widespread fraud on America’s most widely available peer ...