Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer ...

CFPB alleges JPMorgan Chase and other big banks skipped important safety features that put Zelle customers at risk.

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

The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.

The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with ...

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...

In a statement, the CFPB said that too often large credit card issuers play "a shell game to lure people into high-cost cards, boosting their own profits while denying consumers the rewards they ...

Peer-to-peer payment app Zelle said it already is monitored. "Zelle has been supervised by the CFPB and the OCC since the Network's inception in 2017," the company said. "We operate within the ...

and will cover peer-to-peer services Venmo and Zelle. The apps covered by the new rule process more than 13 billion consumer payments a year, the CFPB said in a statement. "Digital payments have gone ...