Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...

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 ...

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

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

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

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

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant ...

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

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

EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America. Those three banks are the largest financial institutions on the Zelle network, accounting for 73% of activity ...