If you’re keeping an account balance on an app such as PayPal, Venmo, or Cash App, you should read a new report by the Consumer Financial Protection Bureau. With the collapse of several regional banks this year—a list that includes Silicon Valley Bank, Signature Bank, and First Republic Bank—Americans may rightfully be concerned about the safety and security of their money.

BING NEWS:
  • CFPB sues Zelle operator and 3 banks, alleging poor fraud safeguards
    The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal government over alleged “widespread fraud” payments through Zelle. The Consumer ...
    12/30/2024 - 11:28 am | View Link
  • Walmart, Banking App Forced Delivery Drivers To Pay Millions In 'Junk Fees': CFPB
    The Consumer Financial Protection Board sued Walmart and a financial services firm on Monday for allegedly requiring delivery drivers to use an app that charged them fees to access their own earnings.
    12/23/2024 - 5:01 am | View Link
  • CFPB accuses Walmart and Branch of opening illegal accounts
    The Consumer Financial Protection Bureau sued Walmart and payment app Branch Messenger, accusing them of illegally opening 1 million deposit accounts and charging $10 million in fees.
    12/23/2024 - 4:00 am | View Link
  • CFPB sues big banks behind money transfer app Zelle over lax oversight, fraud
    JPMorgan Chase, Wells Fargo Bank, Bank of America, and the company behind online money transfer app Zelle were sued by the Consumer Financial Protection Bureau for allegedly failing to safeguard Zelle ...
    12/22/2024 - 10:00 pm | View Link
  • Zelle payment fraud gets major banks sued by the CFPB
    The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan Chase, Bank of America, and Wells Fargo, claiming that customers of the banks ...
    12/21/2024 - 3:33 am | View Link
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