Namely, the suit claims there was insufficient identity verification by Zelle and a failure ... to clients," said Bank of America spokesperson, Naomi Patton in a statement provided to Fortune.

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 ...

The Consumer Financial Protection Bureau sued Early Warning Services, which operates the peer-to-peer money transfer network Zelle, on Friday. It is also suing Bank of America, JPMorgan Chase and ...

(CNN) — 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 ...

That’s the old-fashioned mugging. This was done through his bank, JPMorgan Chase and the Zelle money payment app. The retired business executive told The Watchdog that someone removed $1,987 ...

“Defendants’ failures resulted in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo) alone, including complaints of over $290 million in fraud ...

Truist and US Bank. “The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” said CFPB Director Rohit Chopra in a statement. “By their failing to put in ...