CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on the Zelle app, used by millions.

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

Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.

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

Starting in 2025, digital wallet users will face new IRS regulations for income reporting. However, Zelle stands out as the ...

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

After a surprisingly successful year for the financial sector, BAC is set to announce double-digit bonus payouts to its ...

In addition to exposing customers to fraud, the banks violated federal laws for electronic fund transfers, according to the suit. It said Bank of America and Chase sent customers’ transfers to the ...

He noted that “23 million Bank of America clients have embraced Zelle, regularly using it to send money to friends, family and people they trust.” Bank of America said it works directly with ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments ...

Bank of America, JPMorgan Chase and Wells Fargo ignored customer complaints related to Zelle, with users losing hundreds of millions of dollars in scams, the regulatory agency alleges. Zelle is ...