A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

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

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

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

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

The Consumer Financial Protection Bureau sues Zelle and major banks for alleged fraud, seeking redress for consumers and ...

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

The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the ...

The Consumer Financial Protection Bureau (CFPB) alleged that various factors, including Zelle's relatively 'limited ...

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

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

Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to ...