JPMorgan Chase launches new restrictions on Zelle after $870 million lost in scams at Chase, Bank of America and Wells Fargo
The controversial payment service Zelle has been used by fraudsters, leading to a massive lawsuit against the operator and ...
As Internal Fraud Grows, Banks Need More, Not Less, Regulation
Banks are not fans of heavy regulation. Few companies or individuals are. Paying attention to rules takes time, effort, and money. Although sometimes unnecessary and overzealous, quite often ...
NerdWallet1d
R.I.P. CFPB? What’s At Stake If the Watchdog Agency Goes Dark
Advocates fear consumers could be left to fend for themselves in a complicated financial marketplace if the CFPB is ...
bankingdive1d
23 AGs line up behind Baltimore in CFPB case
Efforts to shutter the agency are against public interest, the AGs said. The CFPB’s attorneys argue it’s in the public interest to act “consistent[ly] with the philosophy of a new administration ...
Hosted on MSN1d
Will Overdraft Fees Increase Under Trump?
Donald Trump, Elon Musk and the GOP want to reduce the authority of the CFPB, the agency behind a 2024 rule limiting ...
WTEN1d
New York joins lawsuit to block Consumer Financial Protection Bureau shutdown
New York, 21 other states, and Washington D.C. joined a lawsuit to keep the CFPB running, warning the shutdown exposes ...
What’s at stake if Consumer Financial Protection Bureau goes dark
Stalled lawsuits. Halted supervision and oversight. Suspended workforce. The Consumer Financial Protection Bureau is in the ...
Will Overdraft Fees Increase Under Trump? Here’s What 7 Banks Told Us
Donald Trump, Elon Musk and the GOP want to reduce the authority of the CFPB, the agency behind a 2024 rule limiting overdraft fees.
Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks
Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain ...
Nevada Current2d
States warn CFPB shutdown threatens financial consumer safeguards
Nearly two dozen states and the District of Columbia are asking a federal judge to issue an injunction blocking the Trump ...
American Banker2d
NY Attorney General joins coalition against CFPB shutdown
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the ...
Chase To Block Zelle Social Media Transactions To Combat Fraudulent Payments
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Chase and Zelle, accusing the companies of failing ...