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.

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

Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.

In a Friday news conference, CFPB Director Rohit Chopra alleged that Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo, as well as Zelle operator Early Warning Services LLC, allowed ...

Starting in 2025, digital wallet users will face new IRS regulations for income reporting. However, Zelle stands out as the ...

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

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...

A federal agency is suing JPMorgan Chase Bank N.A., Wells Fargo Bank N.A. and Bank of America N.A., accusing the banks of failing to protect consumers from fraud on the widely available peer-to-peer ...

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

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