The Consumer Financial Protection Bureau said more than $870 million in Zelle-related fraud losses hit consumers at three big ...

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 ...

In addition to exposing customers to fraud, the banks violated federal laws for electronic fund transfers, according to the ...

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

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 ...