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CFPB drops Zelle lawsuit in latest reversal under Trump administration

The Consumer Financial Protection Bureau has dropped its lawsuit over peer-to-peer payment system Zelle, the latest in a series of dismissals from this department under President Donald Trump's administration. The agency had only just announced the suit — filed against Zelle's operating entity Early Warning Services and partner banks JPMorgan Chase, Bank of America and Wells Fargo – in December. According to the initial action, the CFPB said that customers of the three banks had lost more than $870 million during the seven years Zelle has been active.<br /> The CFPB made several moves to increase oversight on the financial products offered by tech companies under its previous director, Rohit Chopra. However, the agency is now overseen by Acting Director Russell Vought, [...]

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CFPB fines Block $175m over Cash App's lax fraud controls

The Consumer Financial Protection Bureau (CFPB) announced today that's it's fining Block, the creator of Cash App and parent company of Square, $120 million in "refunds and redress" [...]

Match Score: 196.20

Destination
Big Tech bent the knee for Trump in 2025

Sure, we've seen millions poured into lobbying and other means of influence during every presidency, but the last two years set a whole new bar. Business leaders, including those from almost ever [...]

Match Score: 118.15

Destination
The Consumer Financial Protection Bureau has cut 90 percent of its employees

The Consumer Financial Protection Bureau has been reduced to a skeleton crew. The department, which was created to oversee banks and financial institutions, has cut about 1,500 jobs, leaving about 200 [...]

Match Score: 105.74

Destination
X will pay ‘about $10 million’ to settle lawsuit over Donald Trump’s Twitter suspension

X has reached a settlement with President Donald Trump in a lawsuit over the president’s 2021 suspension from Twitter. The Wall Street Journal reports that the Elon Musk-owned company has agreed to [...]

Match Score: 57.61

Destination
Trump administration will reportedly get $10 billion for brokering the TikTok deal

There may have been some extra incentive for the Trump administration to get the TikTok US deal done. According to a report from The Wall Street Journal, the Trump administration is set to receive a t [...]

Match Score: 49.55

Destination
Trump drops his appeal in legal battle over 2021 Twitter ban

Trump and the company formerly known as Twitter appear to have ended their legal fight over the suspension of the president’s account back in 2021. In a filing spotted by Bloomberg, lawyers for both [...]

Match Score: 48.32

Destination
Alphabet will pay $22 million to settle President Trump’s YouTube lawsuit

Alphabet will pay President Donald Trump $22 million as part of a settlement in a class action lawsuit brought against the company over the suspension of various YouTube accounts following the January [...]

Match Score: 47.80

Destination
Paramount pays Trump $16 million to settle Harris lawsuit

Paramount has agreed to pay $16 million to settle its lawsuit with Donald Trump filed during the 2020 presidential campaign, according toThe Washington Post. The deal is controversial as legal experts [...]

Match Score: 45.98

Destination
Meta will pay $25 million to settle a lawsuit with Donald Trump over his 2021 Facebook suspension

Meta has agreed to pay President Donald Trump $25 million to settle a 2021 lawsuit stemming from the social network’s decision to suspend Trump's Facebook account following the riots at the US [...]

Match Score: 45.48