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 sued the operator of Zelle and three of the country's largest banks — JPMorgan Chase ...

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

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

The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment ...

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.

"The CFPB's headline-grabbing number is misleading ... transactions are completed without dispute. A spokesperson for Wells Fargo declined to comment. Bank of America did not immediately respond ...

Zelle operator Early Warning Services rushed the platform to market to compete with the likes of Venmo and CashApp but ...

The Consumer Financial Protection Bureau sued the operator of Zelle and three of the country's largest banks — JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE ...

That is the minimum amount customers of three giant U.S. banks have lost since payments platform Zelle was launched in 2017, according to a lawsuit by the Consumer Financial Protection Bureau. The ...

JPMorgan, Bank of America and Wells Fargo are among the seven banks that ... Bank of America disclosed in October that it was responding to a CFPB inquiry related to the bank’s processing ...

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against major U.S. banks JPMorgan Chase, Bank of America, ...