The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal ...

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

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

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

Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with three of its owner banks, Bank of America, JP Morgan Chase and Wells Fargo.

The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...

CFPB sues Zelle and three banks for fraud on the peer-to-peer network, seeking penalties and redress for over $870M in losses ...

Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...

The Consumer Financial Protection Bureau has sued some of the largest U.S. corporations and banks before the changeover to ...

The federal agency sued the operator of the pay-by-bank service as well as three bank owners, alleging they let fraud "fester ...