Bank groups sue the Consumer Financial Protection Bureau over a proposed cap on overdraft fees
Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge. The rule is part of President Joe Biden administration's campaign to reduce junk fees that hit consumers on everyday purchases,
Consumer Finance Watchdog Sues Zelle, Bank of America, JPMorgan Chase, Wells Fargo
The Consumer Financial Protection Bureau (CFPB) alleged that various factors, including Zelle's relatively 'limited identification methods', allowed fraud to run rampant.
JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment system,
US consumer watchdog sues big banks over 'widespread' fraud on Zelle payment app
The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to protect consumers from alleged "widespread fraud" on payments platform Zelle.
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
CFPB sues America's largest banks for 'allowing fraud to fester' on Zelle
The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.
The US Consumer Financial Protection Bureau sues Zelle and four of its partner banks
On Friday, the Consumer Financial Protection Bureau (CFPB) sued four financial companies involved with Zelle. The CFPB’s lawsuit (via CNBC) accuses Zelle’s operator (Early Warning Services) and three of the service’s partner banks — JPMorgan Chase,
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
Commentary: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well
They especially hate the 14-year-old Consumer Financial Protection Bureau. But most voters in both major parties support its ...
Consumers could see a $5 overdraft fee in 2025 under a final rule — or maybe, not
The rule announced Thursday would require big banks and credit unions to slash long criticized high overdraft fees from $25 ...
Investopedia on MSN9d
Overdraft Fees Could Be Capped At $5 Under New Rule
In what could be one of the final salvoes in President Joe Biden's war on what the administration calls "junk fees," the ...
U.S. News & World Report12d
To Help Abuse Survivors, Biden Watchdog Launches Rulemaking
the Consumer Financial Protection Bureau is continuing its rulemaking activities in the final weeks of President Joe Biden's administration, as Reuters reported recently. This could invite ...
The Independent9d
The White House is cracking down on overdraft fees
The Biden administration has finalized a ... according to data from the Consumer Financial Protection Bureau and bank public records. Currently, there is no cap on the overdraft fees that ...
CFPB sues Zelle operator, major banks over failure to counter fraud
Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer ...
FTC Bans 'Junk Fees' for Concert Tickets, Hotels
The Federal Trade Commission (FTC) finalized a rule Tuesday requiring hotels and live events in the U.S. to include all fees ...