CFPB drops the lawsuit against JPM, BAC and WFC over Zelle payment app fraud.
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The bureau’s lawsuit against the online lending platform – filed during Rohit Chopra’s tenure – “was wrong” and “the weaponization of ‘consumer protection’ must end,” the CFPB’s Acting Director Russ Vought said.
CFPB drops the lawsuit against JPM, BAC and WFC over Zelle payment app fraud.
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