File photo: Obligible Management and Budget Office (OMB) Russell Vought is testified by the budget committee before the 2020 budget at Capitol Hill in Washington, USA, March 12, 2019.
Yuri Gripas Reuters
. Consumer Fundamental Protection Office on Tuesday he rejected it lawsuit against the operator cell Payments network and three American banks that are dominated by transactions.
. CFPB sued early warning services, which runs the peer-to-peer payment network, as well Jpmorgan chase, Bank of America AND Wells Fargo In December, claiming that the companies did not properly examine the complaints regarding fraud and did not return the victims.
CFPB “rejects this action against the defendant's early warning, LLC, Bank of America, Na, JPMorgan Chase Bank, on and Wells Fargo Bank, on, with prejudices,” said the regulatory body in its assembly.
Since the duties of the director of Russell Vought took over CFPB, the agency has at least abandoned Half -tap Cases brought by his predecessor, Rohit Chopra. The agency is now entangled in Legal battle After a union representing employees, CFPB sued for detention Mass burns and purification of data that would take place at Vought i Elon MuskGovernment performance Department.
CFPB he said Customers of three banks lost over $ 870 million since the launch of Zelle in 2017. The service was launched to provide clients with an ATM alternative to Peer-to-Peer platforms, including PayPal. Last year Zelle exceeded $ 1 trillion of total volumeWhich, he said, was the most in history for the Peer-to-Peer platform.
Since the last cases were dismissed with prejudices, CFPB has never agreed to bring these claims again, excluding the possibility of recovering funds for consumer relief, said CNBC, former head of law enforcement Eric Halperin.
Zelle Brand spokeswoman said that they were satisfied with the release and repeated the claim that the CFPB claim was “legally and actually defective.”
“Banks consistently follow the rights in offering services via Zelle”, Lindsey Johnson, president Consumer Banking AssociationHe said in a statement after the release. “At a time when fraud and fraud are growing … We are looking forward to the transition to the fingers and political grandson, and instead constructively cooperates with decision -makers to counteract the original causes of these threats.”