Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...

Three Major banks and Zelle rushed to bring a peer-to-peer payment network to market without first ensuring users would be ...

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

The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan ...

The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the ...

Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...

In addition to exposing customers to fraud, the banks violated federal laws for electronic fund transfers, according to the ...

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the Consumer Financial Protection Bureau over claims of unchecked fraud on the Zelle payment app -- setting up a legal showdown that ...

Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer ...