Big news about banks and money! The government agency that protects people from bank scams, the CFPB, dropped a lawsuit against some big banks. This was a big case about Zelle, a way to send money between bank accounts.
- The lawsuit said the banks didn't do enough to stop people from being scammed.
- Millions of dollars were lost because of these scams.
- The CFPB decided to drop the case, which surprised many.
| Topic | Detail |
|---|---|
| Lawsuit | Dropped by CFPB |
| Banks Involved | JPMorgan Chase, Bank of America, Wells Fargo |
| Money Lost | Hundreds of millions of dollars |
| Payment System | Zelle |
