CFPB lets banks off the hook and drops Zelle lawsuit

CFPB lets banks off the hook and drops Zelle lawsuit

Source: The Verge The Consumer Financial Protection Bureau (CFPB) today dismissed a lawsuit against Early Warning Services, the company that runs the Venmo-like Zelle payment platform, as well as the three banks that share ownership of it, reports CNBC. The CFPB, which enforces regulations against the financial services industry, had claimed in its December 2024…

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