Many times, Chopra said, the banks didn't do enough to stop suspicious activity across the banking system. "When one bank ... community banks, minority-owned banks and credit unions. "Zelle ...

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the Consumer Financial Protection Bureau over claims of unchecked fraud on the Zelle payment app -- setting up a legal showdown that ...

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

In the first half of 2024, Zelle users transferred $481 billion across more than 1.7 billion transactions, according to the CFPB. Bank of America ... for thousands of community banks and credit ...