CFPB falls JPMorgan, Bank of America, a lawsuit against Wells Fargo on Zelle faud

the Consumer Financial Protection Office On Tuesday she rejected suit Against an operator cell The three American payments network and banks that dominate transactions.

the CFPB filed a lawsuit against early warning services, That runs the network of peer payments, as well as Jpmorgan Chase, Bank of America and Wales Vargo In December, it claimed that companies had failed to properly investigate fraud complaints or give victims to pay.

The organizer said in his file that CFPB “rejects this procedure against the defendants, early warning services, LLC, Bank of America, NA, JPMorgan Chase Bank, NA, and Wells Fargo Bank, NA, with bias.”

Since the Acting Director, Russell Veto, acquired CFPB, the agency has decreased at least a Half -box The cases presented by his predecessor, Rohit Chopra. The agency is now involved in Legal battle After a union union, it represents the prosecution of CFPB employees to stop Group fire And disinfection of the data that had occurred under Vuight and Elon MuskMinistry of Governmental efficiency.

CFPB He said The three bank customers have lost more than $ 870 million since the launch PayPal. last year Zelle crossed $ 1 trillion of total foldersThis is what he said more than ever for an equivalent platform.

Since the recent issues were rejected through bias, CFPB agreed not to make these claims again, which led to the suspension of the possibility of returning funds to relief consumers, and the former president of the enforcement of Eric Halbene at CNBC said last week.

A spokeswoman for the Zelle Brand brand said they welcomed the separation and honored that the CFPB suit was “legally defective and realistic.”

“The banks have constantly followed the law in providing services through Zell,” Lindsay Johnson, President Consumer Banking AssociationHe said in a statement after the separation. “At a time when fraud and fraud increases … We look forward to moving beyond the preparation of fingers and political sounds, and instead they work in constructively with policy makers to face the root causes of these threats.”