The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against Early Warning Services and several big banks for failing to safeguard the Zelle payments network from fraud.

The OCC move marks the fifth closed consent order - an enforcement action involving a fine or specific directive to address ...

Wells Fargo has returned $40,000 to the business account for a Houston-area couple who had the money fraudulently transferred ...

New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting ...

(Reuters) - Wells Fargo said on Monday the U.S. Office of the Comptroller of the Currency (OCC) has terminated a 2021 consent ...

Bank of America and Wells Fargo of failing to protect consumers from fraud on Zelle costing hundreds of millions of dollars. the lawsuit alleged. prima91 – stock.adobe.com In a statement ...

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

The U.S. Office of the Comptroller of the Currency (OCC) in 2021 levied a $250 million fine related to the ... order. Wells Fargo's compliance issues came under the spotlight after a fake accounts ...

OCC terminates 2021 loss mitigation consent order Wells Fargo ... statement. Sign up here. The U.S. Office of the Comptroller of the Currency (OCC) in 2021 levied a $250 million fine related to ...

The fraud impacting Chase Bank customers totaled $360 million ... requests for comment on the end of the suit. Wells Fargo referred to EWS’s statement about the lawsuit being dropped.

Wells Fargo has checked more boxes in its progress toward ... Wells CEO Charlie Scharf said in a prepared statement Monday that the bank is confident it will close its remaining enforcement actions.

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 assistance, the banks were largely ...