A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says ...

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

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 said Friday it filed a complaint against three of the country’s largest banks and ...

The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...

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

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

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

The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the ...

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

The Consumer Financial Protection Bureau sues Zelle and major banks for alleged fraud, seeking redress for consumers and ...

Zelle operator Early Warning Services rushed the platform to market to compete with the likes of Venmo and CashApp but ...