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CFPB sues BofA, JPM and Wells
Zelle payment fraud gets major banks sued by the CFPB
The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan Chase, Bank of America, and Wells Fargo, claiming that customers of the banks lost more than $870 million over Zelle's seven-year existence.
CFPB sues America's largest banks for 'allowing fraud to fester' on Zelle
The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.
CFPB sues BofA, JPM and Wells over Zelle fraud
The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment network Zelle, alleging shoddy safeguards and millions in consumer losses.
Crowdfund Insider
12h
CFPB Claims Regarding Zelle Losses May Be Exagerated
Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced a lawsuit targeting the big banks that launched ...
CNET on MSN
1d
Zelle Accused by CFPB of Leaving Customers Vulnerable to Widespread Fraud
CFPB alleges JPMorgan Chase and other big banks skipped important safety features that put Zelle customers at risk.
1d
Powerless Against Financial Scams, The CFPB Scapegoats The Big Banks
The CFPB apparently can’t see that its lawsuit will give bank customers the real Gordon Tullock, and in the worst way ...
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