Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
The lawsuit cites Zelle’s designs and features, including a “limited” identity verification process that involves assigning a ...
He noted that “23 million Bank of America clients have embraced Zelle, regularly using it to send money to friends, family and people they trust.” Bank of America said it works directly with ...
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...
The CFPB has filed a lawsuit against Zelle and three major US banks over allegations of failing to adequately protect ...
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...
Bank of America, JPMorgan Chase and Wells Fargo ignored customer complaints related to Zelle, with users losing hundreds of millions of dollars in scams, the regulatory agency alleges. Zelle is ...
A federal agency is suing three of the America’s largest banks for not protecting customers from fraud on Zelle. And two of ...
The nation's top consumer watchdog on Friday sued the payment app Zelle and three of the nation's largest banks for failing ...
The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant ...