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 ...
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.
JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...
JPMorgan Chase, Bank of America, and Wells Fargo sued over Zelle scams that cost $870 million
The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.
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.
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 ...
Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Zelle and three banks that own it — Wells Fargo, ...
Zelle payment fraud gets major banks sued by the CFPB
The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan ...
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says ...
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the ...
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
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.
Lawsuit: Major banks rushed Zelle to market, allowed fraud in cash transfers
The Consumer Financial Protection Bureau has filed a lawsuit against Zelle's operator and three major banks—Bank of America, ...