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CFPB drops Zelle lawsuit in latest reversal under Trump administration


The Consumer Financial Protection Bureau has His peers payment system Zelle, the claim in the last Dismissal from this department under the leadership of President Donald Trump. The agency claimed early warning services and partner banks by Zelle’s operating enterprise against JPMorgan Chase, Bank of America and Wells Fargo . According to the preliminary action, CFPB, the customers of the three banks lost more than $ 870 million in seven years, Zelle was active.

CFPB moved several About the financial products offered by the technical companies by the previous director Rohit Chopra. However, the agency, the manager who commanded the CFPB, was taken into control of Russell’s actor Russell All the “control and exam activities” last month. Although the office workers There was to try to keep cfpb alive from the government’s management on the status of the agency.

The Office, Trump and Ally Elion Musk have seen sweeper measures to manage and close the federal government departments since. Historically the agencies Dusk, among those with discounted strengths, because as federal transactions are , and .



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