For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...

The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be ...

Major banks face federal lawsuit over alleged failure to protect consumers from rampant Zelle payment fraud. Learn how this ...

The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the ...

The CFPB dropped a lawsuit against Zelle, JPMorgan, Bank of America and Wells Fargo on Tuesday. The lawsuit alleged the banks did not sufficiently protect customers from fraud on Zelle.

The CFPB's lawsuit said not all ... Bank of America and Wells Fargo who use Zelle lost a collective $870 million on the platform over the last seven years. When fraud victims reached out for ...

The suit sought to compel the banks to reimburse victims and strengthen fraud protections ... The banks and Zelle have consistently contested the CFPB’s claims. JPMorgan called the lawsuit ...