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Posts by Y@DminG

CFPB Drops Lawsuit Against US Banks Over Alleged Fraud on Zelle

The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly rushing out a peer-to-peer payment network that then allowed fraud to proliferate. The agency dropped the case against JPMorgan Chase … Source: Claims Journal

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CCC Intelligent Solutions Names U.S. Bank’s Welsh President

CCC Intelligent Solutions Inc. has named Tim Welsh president. Welsh will have a lead in marketing-facing functions, helping customers with their digital transformation. Welsh joins CCC from U.S Bank, where he was vice chair, consumer and business banking. Welsh previously … Source: Claims Journal

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NHTSA Closes Probe into Nearly 73,000 GM Hybrids

The U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday closed a preliminary evaluation into about 72,926 General Motors hybrid vehicles over concerns related to its battery control module. The probe was opened in 2023 to investigate allegations regarding motive … Source: Claims Journal

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