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 Zelle payment app opened the door for crooks ... Regulation E to require financial institutions to provide greater transparency and clarity on what constitutes a “reasonable” investigation.
The federal lawsuit claims Wells Fargo, JPMorgan and Bank of America failed to protect their customers from fraud while using Zelle. Zelle is the peer-to-peer payment platform used by millions of ...
The federal lawsuit claims Wells Fargo, JPMorgan and Bank of America failed to protect their customers from fraud while using Zelle. Zelle is the peer-to-peer payment platform used by millions of ...
“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 ...
A Zelle spokesperson said the CFPB’s lawsuit is legally and factually flawed while a representative for JPMorgan called them “a last-ditch effort in pursuit of their political agenda.” Bank of America ...
Copyright 2025 The Associated Press. All Rights Reserved. Options to use the Zelle payments network are seen on a Chase mobile banking app in New York on Friday, Dec ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback
