The Consumer Financial Protection Office has his trial on the Peer Zelle payment system, the last Releases of this department under the administration of President Donald Trump. The agency had only just announced the prosecution – filed against the early alert services of the early entity of Zelle and the partner banks JPMorgan Chase, Bank of America and Wells Fargo – . According to the initial action, the CFPB said that customers of the three banks had lost more than $ 870 million in the seven years of Zelle.
The CFPB has made several movements On the financial products offered by technological companies under its previous director, Rohit Chopra. However, the agency is now supervised by the acting director Russell Vought, who ordered the CFPB of All “supervision and examination activities” last month. While office employees have To try to keep the CFPB alive, there was of the government management on the status of the agency.
Since taking office, Trump and Ally Elon Musk have taken radical measures to control and close the federal ministries. Agencies that historically have Musk’s commercial activities were among those who have a reduction in powers, as are federal operations for ,, And .
This article originally appeared on Engadget on https://www.engadget.com/cybersecurity/cfpb-drops-lawsuit-in-latest-reversal-trump- administration-204639032.html? SRC = RSSS
