Consumer Finance Watchdog Sues Zelle, Major Banks for Failing to Address Fraud The US Consumer Financial Protection Bureau (CFPB) says hundreds of thousands of Zelle consumers 'were largely denied ...
(The Hill) – The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the peer-to-peer payment network. The Consumer Financial Protection ...
After The Great Recession, the government set up the Consumer Financial Protection Bureau — an independent bureau to protect the consumer from abuses by financial institutions and companies.