The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.
Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to ...
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...
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.
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 Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with ...
The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...