Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans ...

The suit alleges that Bank of America, JPMorgan Chase, Wells Fargo, and Early Warning Services violated federal law. Namely, the suit claims there was insufficient identity verification by Zelle ...

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

A federal regulator sued JPMorgan Chase ... Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network ...

Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and businesses and has quickly surged to become the ...

(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 ...

20 (UPI) --Three of the largest U.S. banks rushed the Zelle digital payment system ... The suit filed by the CFPB contends Bank of America, JPMorgan Chase, and Wells Fargo failed to properly ...

Nobody came up to him and said, “Give me your money.” That’s the old-fashioned mugging. This was done through his bank, JPMorgan Chase and the Zelle money payment app.

The Consumer Financial Protection Bureau sued JPMorgan Chase, Bank of America and Wells Fargo on Friday, along with Early Warning Services, the operator of peer-to-peer payments platform Zelle ...

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. Zelle ...