Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to ...

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

The Consumer Financial Protection Bureau (CFPB) accused JPMorgan Chase, Bank of America ... according to a statement from the agency. Hundreds of thousands of consumers filed complaints of ...

The account, which carries a monthly fee of $12 (or $0 when one of several actions listed below is completed within each monthly statement ... are provided by JPMorgan Chase Bank, N.A. (JPMCB).

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

CFPB alleges that, as a result, hundreds of thousands of customers of JPMorgan Chase, Bank of America and Wells ... said CFPB Director Rohit Chopra in a statement. “By their failing to put ...

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 ...

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

In a statement announcing the suit ... The suit alleges that Bank of America, JPMorgan Chase, Wells Fargo, and Early Warning Services violated federal law. Namely, the suit claims there was ...