The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

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

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.

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

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

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

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

Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for ...

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

A federal agency is suing JPMorgan Chase Bank N.A., Wells Fargo Bank N.A. and Bank of America N.A., accusing the banks of failing to protect consumers from fraud on the widely available peer-to-peer ...

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.