The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous enforcement actions now that President Donald Trump is back in office.
In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on Zelle, in violation of consumer financial laws.
In the federal civil complaint, the CFPB asserted that the banks rushed to get the peer-to-peer payments platform to market without effective safeguards against fraud and then, after consumers complained about being defrauded on the service, largely denied them relief.
Because you’re just wasting your time lol
A lot of otherwise reasonable people got swept up in this for one reason or another. There’s no saving some of them but you’re not gonna win anyone over by lying to them
They were won over by someone lying to them. You’re not gonna reason them out of something they didn’t reason themselves into.
Fight fire with fire.