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 ...

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

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 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 ...

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 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 ...

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 ...

ACA International and Specialized Collections Systems, a Houston-based debt collector, filed a lawsuit Thursday against the CFPB and Director Rohit Chopra in the U.S. District Court for the Southern ...

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.