In a Friday news conference, CFPB Director Rohit Chopra alleged that Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo, as well as Zelle operator Early Warning Services LLC, allowed ...

says Zelle's parent The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase JPM.N, Bank of America BAC.N and Wells Fargo WFC.N for failing to protect ...

CFPB alleges that, as a result, hundreds of thousands of customers of JPMorgan Chase, Bank of America and Wells Fargo have lost more than $870 million since Zelle launched seven years ago.

The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments ...

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

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America ... from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.

The Consumer Financial Protection Bureau has been a political punching bag for years, but on the eve of a new Trump ...

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...

The CFPB alleges that Bank of America, JPMorgan Chase, Wells Fargo, and Early Warning Services violated federal law through crucial failures including: Zelle’s limited identity verification ...

JPMorgan Chase and Wells Fargo. While fraud on Zelle can involve any number of complicated steps, it can be as simple as a grifter’s convincing an individual to send payment for an item ...