A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America ... from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.

The regulator says that the banks—Bank of America, JPMorgan Chase and Wells Fargo—allowed fraud to run rampant on Zelle and failed to put safeguards in place to protect users. Find out more: ...

The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the ...

Options to use the Zelle payments network are seen on a Chase mobile banking app in New York on Friday, Dec. 20, 2024. (AP Photo/Patrick Sison) A federal regulator sued JPMorgan Chase, Wells Fargo and ...

The CFPB alleges that Bank of America, JPMorgan Chase, Wells Fargo and Early Warning Services violated federal law through critical failures including: Zelle’s limited identity verification ...