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

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

Three Major banks and Zelle rushed to bring a peer-to-peer payment network to market without first ensuring users would be ...

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

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

Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank ... steps to prevent and address fraud on Zelle. The agency seeks an unspecified amount of money to cover refunds, damages and penalties.

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

says Zelle's parent The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase JPM.N, Bank of America BAC.N and Wells Fargo WFC.N for failing to protect ...

The Consumer Financial Protection Bureau sued Early Warning Services, which operates the peer-to-peer money transfer network Zelle, on Friday. It is also suing Bank of America, JPMorgan Chase and ...