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CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo

Consumer Finance Watchdog Sues Zelle, Bank of America, JPMorgan Chase, Wells Fargo

The Consumer Financial Protection Bureau (CFPB) alleged that various factors, including Zelle's relatively 'limited identification methods', allowed fraud to run rampant.

Forbes on MSN · 1d

U.S. Regulators Sue JPMorgan Chase, Bank Of America And Wells Fargo Over Alleged Fraud On Zelle

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

The New York Times · 1d

Regulators Sue 3 Big Banks Over Rampant Fraud on Zelle

Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to office.

1don MSN

Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud

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

Zelle and major banks face $870 million lawsuit over alleged fraud losses

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the peer-to-peer payment network Zelle and three US banks that conduct or facilitate transactions on ...

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CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo

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