Rohit Chopra’s assault on Zelle will create more openings for crooks.
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
A federal agency is suing JPMorgan Chase Bank N.A., Wells Fargo Bank N.A. and Bank of America N.A., accusing the banks of failing to protect consumers from fraud on the widely available peer-to-peer ...
A number of firms are supporting stronger financial fraud prevention through networks in the age of deepfakes and generative ...
Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with ...
Congress created the Consumer Financial Protection Bureau in 2010 in the aftermath of the Great Recession. It is a large ...
A comprehensive investigation has revealed that fraudulent loan applications have impacted over 8 million users worldwide, highlighting growing concerns about sophisticated digital identity theft ...
This is evidenced by their recent lawsuit against the fintech payment service Zelle. The CFPB is suing Zelle arguing that it ...
Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.
Wells Fargo, JPMorgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up ...