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

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says ...

The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant ...

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

The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

December 25, Christmas Day, is the last of those holidays for 2024. Christmas Eve is not a federal holiday but some banks ...

Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for ...

Zelle operator Early Warning Services rushed the platform to market to compete with the likes of Venmo and CashApp but ...

Bank of America, Wells Fargo and JPMorgan Chase are three of the nation's largest banks. Zelle, meanwhile, is one of the most popular peer-to-peer payment networks in the U.S. Zelle has over 143 ...

That is the minimum amount customers of three giant U.S. banks have lost since payments platform Zelle was launched in 2017, according to a lawsuit by the Consumer Financial Protection Bureau. The ...