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The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
The Consumer Financial Protection Bureau said more than $870 million in Zelle-related fraud ... such as if they were tricked into paying $500 or $1,000 as part of an online puppy-for-sale scam. ...
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment ...
Wells Fargo, JP Morgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up a legal ...
The Consumer Financial Protection Bureau (CFPB) experienced a significant security breach when a former employee transferred confidential information on approximately 256,000 consumers and forty-five financial institutions to their personal email account.
The Consumer Financial Protection Bureau today announced it is suing three major banks and Early Warning Services, the bank-owned consortium that runs the popular payment app Zelle. The regulator ...
At least two major banks have reported that the Consumer Financial Protection Bureau is examining how they handle ... in 2023 — that even a tiny percentage of scam and fraud problems translates ...
The government, meanwhile, has repeatedly called on financial institutions to improve compensation for victims who lose money to scams. In August, the Consumer Financial Protection Bureau launched ...
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