With President Joe Biden’s term nearly over, federal agencies should be winding down activities for the year and preparing ...

Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on ...

CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...

The Consumer Financial Protection Bureau on Thursday ordered payments firm Block to pay a penalty, citing fraud and weak ...

In a Friday news conference, CFPB Director Rohit Chopra alleged that Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo, as well as Zelle operator Early Warning Services LLC, allowed ...

The lawsuit cites Zelle’s designs and features, including a “limited” identity verification process that involves assigning a “token” to a user’s email address or mobile phone number ...

Dec. 20 (UPI) --Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by the ...

If you lost money to scammers or had your account frozen on a popular peer-to-peer payment platform, you might be due for a ...

The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the ...

The Consumer Financial Protection Bureau has been a political punching bag for years, but on the eve of a new Trump ...

The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have ...