The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...
Bank of America, Wells Fargo and JPMorgan Chase are three of the nation's largest banks. Zelle, meanwhile, is one of the most popular peer-to-peer payment networks in the U.S. Zelle has over 143 ...
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...
(Bloomberg) — The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with ...
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America ... from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.
CFPB alleges that, as a result, hundreds of thousands of customers of JPMorgan Chase, Bank of America and Wells Fargo have lost more than $870 million since Zelle launched seven years ago.