The CFPB also sued Comerica Bank for improper oversight of the federal government's Direct Express program, and the Texas bank countersued the agency a month later. And separately, the CFPB entered ...

Despite its relatively low interest rate, the CFPB alleged, the 360 Savings account was advertised as a high-interest savings ...

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 ...

Comerica has denied the charges and is countersuing the CFPB. The agency also announced four separate rules, including one limiting bank overdraft fees that was immediately challenged by the ...

In fact, JPMorgan said in August that it was considering litigation against the CFPB if the regulator sought to punish the bank for its role in the Zelle network. The CFPB wants to force banks to ...

Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the ...

A Zelle spokesperson said the CFPB’s lawsuit is legally and factually flawed while a representative for JPMorgan called them “a last-ditch effort in pursuit of their political agenda.” Bank ...

The regulator says that the banks—Bank of America, JPMorgan Chase and Wells Fargo—allowed fraud to run rampant on Zelle and failed to put safeguards in place to protect users. Find out more: ...

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