Zelle, Bank of America

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.
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.
Zelle and major banks face $870 million lawsuit over alleged fraud losses
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the peer-to-peer payment network Zelle and three US banks that conduct or facilitate transactions on
Zelle and America’s biggest banks are being sued for putting your funds at risk
The CFPB has filed a lawsuit against Zelle and three major US banks over allegations of failing to adequately protect consumers from fraud.
Feds Sue Banks for 'Widespread Fraud' on Zelle and Limited Victim Compensation
Zelle and three of the banks behind one of the nation’s biggest payment networks failed to protect users from “widespread fraud,” federal regulators alleged in a lawsuit filed Friday.
Operator of Zelle, three banks, accused of failing to protect consumers from fraud
Federal regulators sued the operator of Zelle, the popular payment app, and three large banks, saying they failed to protect consumers from widespread fraud. NBC News' Brian Cheung reports on the lawsuit and the response from Zelle and the banks.
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle,
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
Lawsuit: Major banks rushed Zelle to market, allowed fraud in cash transfers
The Consumer Financial Protection Bureau has filed a lawsuit against Zelle's operator and three major banks—Bank of America, JPMorgan Chase, and Wells Fargo—accusing them of prioritizing speed over security in their rush to compete with other payment apps like Venmo.
Feds sue Bank of America, Wells Fargo for failing to stop ‘widespread’ Zelle fraud
The Consumer Financial Protection Bureau made the announcement Friday and claims that Americans have lost hundreds of millions of dollars to fraud connected to poor safeguards for the peer-to-peer payment network. JPMorgan Chase is also listed in the lawsuit.
Consumer Finance Watchdog Sues Zelle, Major Banks for Failing to Address Fraud
The US Consumer Financial Protection Bureau (CFPB) says hundreds of thousands of Zelle consumers 'were largely denied assistance' after being scammed.
More than $125 million is stolen every year on Zelle. The feds say little is done to stop it.
A lawsuit filed by the CFPB says Zelle and the big banks that own it left the platform vulnerable to fraud in an effort to ...
Oklahoma's News1d
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
(The Hill) – The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud ...
Crowdfund Insider1d
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 ...