The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular ...

“Shortly after Zelle’s launch, significant problems, including fraud being perpetrated on consumers using Zelle, quickly became apparent. But defendants did not take meaningful action to ...

ATLANTA — It’s become a common scheme – scammers calling you pretending to be with your bank wanting you to use Zelle to send money. After reporting on the scam for years, Channel 2 consumer ...

The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it. The agency alleges that the firms ...

A Bank of America spokesperson highlighted the importance of Zelle to everyday users. "We strongly disagree with the CFPB’s effort to impose huge new costs on the 2,200 banks and credit unions ...