CFPB Drops Lawsuit Against Major Banks Over Peer-to-Peer Payment Network
The Consumer Financial Protection Bureau (CFPB) has dismissed a lawsuit against several major banks, including JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co., alleging that they rushed out a peer-to-peer payment network that allowed fraud to proliferate. The agency dropped the case with prejudice, meaning it cannot be reopened. The … Read more