Posted inBank of America Corporation Banking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Frauds and Swindling JPMorgan Chase & Company Mobile Commerce and Payments Regulation and Deregulation of Industry Shutdowns (Institutional) Suits and Litigation (Civil) Vought, Russell T Wells Fargo & Company Zelle (Early Warning Services LLC)
CFPB Drops Lawsuit Against Banks Over Zelle Scams
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”