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.
JPMorgan Chase is refusing to release $43,000 that belongs to a scammed Bank of America customer, according to a new report.
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
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 ...
The Consumer Financial Protection Bureau said more than $870 million in Zelle-related fraud losses hit consumers at three big ...
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 ...