Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with ...

The lawsuit goes after JPMorgan Chase, Bank of America, and Wells Fargo, in addition to a financial-technology company co-owned by the lenders..

Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government ...

The CFPB has filed a lawsuit against Zelle and three major US banks, alleging that they failed to adequately protect consumers from fraud. The lawsuit claims that these financial institutions rushed ...

The Consumer Financial Protection Bureau's last-minute actions are expected to annoy the incoming Trump administration, which ...

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

The Consumer Financial Protection Bureau has sued some of the largest U.S. corporations and banks before the changeover to ...

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

The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment ...

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

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