A statement from the CFPB said Zelle and the banks failed "to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network," claiming Zelle was rushed ...

Wells Fargo, JP Morgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up a legal ...

The Zelle payment app opened the door for crooks and con artists to steal hundreds of millions of dollars from consumers over several years, and some big banks are to blame for a chaotic rush to ...

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up a legal ...

The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks ...

Since its launch in 2017, Zelle has become one of the most widely used peer-to-peer payment networks in the U.S., with more than 143 million users. In the first half of 2024, Zelle users ...

Of consumers ages 18 to 29, 85% said they've used a service such as PayPal, Venmo, Apple Cash, Google Pay, or Zelle, according ... convenient, and transparent," said FTA CEO and President Penny ...