CFPB Stops Lawsuits Against Businesses for User Errors, Drops Cases Against Zelle and Rent-a-Center Unit

The Consumer Financial Protection Bureau (CFPB) has announced it will cease its lawsuits against businesses for user errors, a move praised by some as pro-consumer. This decision includes dropping a case against Zelle, a payment platform, and a Rent-a-Center unit accused of misleading consumers into high-cost loans. The CFPB's actions align with a broader trend of the Trump administration closing various cases, which has been met with mixed reactions. Advocates for consumer protection suggest that collaboration and innovations like two-factor authentication could better prevent fraud than punitive measures against businesses.