In today's digital landscape, data brokers are like modern-day gold miners, sifting through the intimate details of our lives ...

The Consumer Financial Protection Bureau sued the credit reporting agency alleging that if failed to investigate or correct ...

A three-judge panel decided to let the "Protect Tennessee Minors Act" go into effect after a group of free speech advocates ...

According to the CFPB, Zelle, launched in 2017, has become a target for fraudsters due to its inadequate identity ...

The CFPB contends the banks' negligence allowed ... Among other things, the complaint alleges the company's owners had lax user verification methods, which were knowingly exploited by criminals.

The CFPB alleges that Zelle’s limited identity verification methods have enabled fraudulent activities, allowing bad actors to create accounts and target users easily. Despite receiving numerous ...

Among the charges: Poor identity verification methods, which have allowed bad actors to quickly create accounts and target Zelle users. The CFPB’s suit seeks to change the platform's operations ...

Limited identity verification methods that enable scammers ... Most significantly, the CFPB alleges that the banks ignored hundreds of thousands of fraud complaints instead of using that data ...

The CFPB claimed that Zelle's "limited identity verification methods" have allowed criminals to infiltrate the network, enabling them to divert payments and move between member banks that didn't ...

the CFPB alleged several flaws in the Zelle system, including limited identity verification and information sharing measures that allow for fraudsters to create and hop between multiple accounts ...

The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, but has met challenges, notably a ...