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

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.

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 says the banks failed to protect hundreds of thousands of consumers from rampant ...

In addition to exposing customers to fraud, the banks violated federal laws for electronic fund transfers, according to the ...

Bank of America, Wells Fargo and JPMorgan Chase are three of the nation's largest banks. Zelle, meanwhile, is one of the most popular peer-to-peer payment networks in the U.S. Zelle has over 143 ...

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 ...

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