Calvin Gray repeatedly impersonated victims who were customers of a number of other banks and financial institutions, ...

A Wells Fargo customer is facing a decade in prison after taking advantage of an arrangement with the bank to steal nearly $1 ...

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...

The CFPB has now dropped seven of the enforcement cases brought under former President Joe Biden, including one against ...

It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.

CFPB dropped lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged failure to prevent fraud on Zelle.

"JPM had an obligation to engage in due inquiry to determine the scope of the fraudulent reporting" after learning about the inflated metric, Wells Fargo said. "Instead, JPM plowed ahead as if ...

The decision to drop the case comes as the CFPB, now led by White House budget director Russell Vought, has dropped multiple ...

The agency, which was virtually shuttered by President Trump last month, had accused JPMorgan Chase, Bank of America and Wells Fargo of failing to protect consumers from fraud costing hundreds of ...

Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...