The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal government over alleged “widespread fraud” payments through Zelle. The Consumer ...

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

The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to ...

CFPB alleges JPMorgan Chase and other big banks skipped important safety features that put Zelle customers at risk.

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

The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...

The nation's top consumer watchdog on Friday sued the payment app Zelle and three of the nation's largest banks for failing ...

The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...

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

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

The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment ...

The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells ...