CFPB Sues Major Banks Over Zelle Fraud Response
Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.
The CFPB vs. Checking Accounts
The rule on overdraft fees is ripe for the GOP Congress to overturn.
RealClearMarkets4d
The CFPB Wants You To Pay For Mistakes of Others
It seems obvious that removing such risk would encourage people to make reckless financial decisions – to everyone except President Biden's Consumer Financial Protection Bureau (CFPB.) ...
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
Business Insider5d
DOGE doubles down on eliminating the government agency that's cracking down on overdraft fees
"The new administration can & should nullify this overreach, but we must go further: this latest gambit of the CFPB is just a symptom of a deeper (and unconstitutional) cancer of unelected ...
WFLA News Channel 8 on MSN1d
CFPB sues Zelle operator and 3 banks, alleging poor fraud safeguards
Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with ...
JD Supra5d
CFPB Spotlights Illegal Credit Card Rewards Practices and Rolls Out Novel Consumer Tool
The CFPB focused on rewards programs that include redemption options from various merchants. If a merchant drops out of such a rewards program, the CFPB said, that could result in a UDAAP if the ...
Even if CFPB Trims Rulemaking, It Will Keep Eyeing Data Brokers
Troutman Pepper attorneys highlight legal obligations under the Fair Credit Reporting Act and how companies should continue ...
'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)
Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...