The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Zelle and three banks that own it — Wells Fargo, ...

"Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves," the CFPB said.

Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to ...

Zelle users transferred $481 billion across more than 1.7 billion transactions, according to the Consumer Financial ...

The CFPB has filed a lawsuit against Zelle and three major US banks over allegations of failing to adequately protect ...

The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant ...

The Consumer Financial Protection Bureau made the announcement Friday and claims that Americans have lost hundreds of ...

The nation's top consumer watchdog on Friday sued the payment app Zelle and three of the nation's largest banks for failing ...

Zelle operator Early Warning Services rushed the platform to market to compete with the likes of Venmo and CashApp but ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...