Wells Fargo federal consent order ends. It covered mortgage, other account ‘mismanagement’
In 2022, the CFPB had ordered the bank to pay $3.7 billion for ‘widespread’ problems with its auto loans, mortgages and deposit accounts.
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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
San Francisco-based Wells Fargo declined to comment on the lawsuit. Early Warning called the lawsuit “legally and factually flawed.” “Zelle leads the fight against scams and fraud and has ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In December, the CFPB sued Wells Fargo for failing to stop “widespread” Zelle fraud. Bank of America and JPMorgan Chase are also named in the lawsuit. Customers have lost more than $870 million during ...
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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular ...