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Zelle payment fraud gets major banks sued by CFPB

Hosted on MSN · 2d

Zelle payment fraud gets major banks sued by the CFPB

The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan Chase, Bank of America, and Wells Fargo, claiming that customers of the banks lost more than $870 million over Zelle's seven-year existence.

The Verge on MSN · 3d

Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Zelle and three banks that own it — Wells Fargo, Bank of America, and JPMorgan Chase — claiming they failed “to protect consumers from widespread fraud.

CBS News on MSN · 3d

Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud

Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.

8hon MSN

Scottsdale-based operator of Zelle, banks sued by federal government

The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...

6hon MSN

Federal lawsuit claims consumers lost $870 million from scams on Zelle

The Consumer Financial Protection Bureau has filed a lawsuit against digital payment network Zelle and three of America's largest banks, alleging ...

6h

CFPB Sues Walmart, Fintech for Illegally Opening Accounts (3)

Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of ...

Crowdfund Insider2d

CFPB Claims Regarding Zelle Losses May Be Exagerated

Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced a lawsuit targeting the big banks that launched ...

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