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

What's NewThe Consumer Financial Protection Bureau (CFPB) sued Bank of America, Wells Fargo and JPMorgan Chase on Friday for ...

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

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

The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment ...

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.

Besides the three defendants in the CFPB suit, Early Warning is owned by Capital One, PNC Bank, Truist, and U.S. Bank. It ...

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

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says ...

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

That is the minimum amount customers of three giant U.S. banks have lost since payments platform Zelle was launched in 2017, according to a lawsuit by the Consumer Financial Protection Bureau. The ...

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against major U.S. banks JPMorgan Chase, Bank of America, ...