Zelle is a peer-to-peer, or P2P, money transfer service that allows individuals to send and receive ... bank accounts to use Zelle. Zelle users need to be extra careful when sending payments.

The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

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

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

The lawsuit cites Zelle’s designs and features, including a “limited” identity verification process that involves assigning a ...

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

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

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment system, ...

The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

Some of the products promoted are from our affiliate partners from whom we receive compensation ... There is also no facility to pay in cash or cheques. Chase is a digital bank, so will only ...