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

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

Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to ...

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment system, ...

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 ...

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 said more than $870 million in Zelle-related fraud losses hit consumers at three big banks.

People looking to save money for a big trip or investment may want to make plans around an ‘extra’ paycheck in their pocket.

The US Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America, and Wells Fargo for allegedly failing to protect consumers from “widespread fraud” on ...

(Bloomberg) — The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to ...

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.