Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...
The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
People looking to save money for a big trip or investment may want to make plans around an ‘extra’ paycheck in their pocket.
Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for ...
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 says the banks failed to protect hundreds of thousands of consumers from rampant ...
In addition to exposing customers to fraud, the banks violated federal laws for electronic fund transfers, according to the ...
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...