Zelle, CFPB and Bank of America

CFPB Sues Major Banks Over Zelle Fraud Response
Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
CFPB sues America's largest banks for 'allowing fraud to fester' on Zelle
The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.
Three Big Banks Sued by CFPB Over Zelle Scams
Three of the biggest U.S. banks are being sued by a top financial regulator that says they allowed fraud to run rampant on the payments platform Zelle and failed to put safeguards in place to protect users.
CFPB sues Zelle operator, major banks over failure to counter fraud
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 agency.
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the peer-to-peer payment network. The Consumer Financial Protection Bureau (CFPB)
Zelle, 3 of nation's largest banks sued by CFPB over alleged failure of fraud protections
The nation's top consumer watchdog on Friday sued the payment app Zelle and three of the nation's largest banks for failing to protect customers from fraud.
Nation's three-largest banks sued by federal regulators over alleged Zelle-related fraud
Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
CFPB Sues JPMorgan, Bank of America, Wells Fargo Over Zelle Fraud
CFPB sues Zelle and three banks for fraud on the peer-to-peer network, seeking penalties and redress for over $870M in losses.
CFPB sues BofA, JPM and Wells over Zelle fraud
The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment network Zelle, alleging shoddy safeguards and millions in consumer losses.
Scottsdale-based operator of Zelle, banks sued by federal government
The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...
Crowdfund Insider5d
CFPB Claims Regarding Zelle Losses May Be Exagerated
Earlier this week, the Consumer Financial Protection Bureau  (CFPB) announced a lawsuit targeting the big banks that launched ...
CFPB sues Walmart, fintech partner for illegally opening accounts
The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark ...
CNET on MSN6d
Zelle Accused by CFPB of Leaving Customers Vulnerable to Widespread Fraud
CFPB alleges JPMorgan Chase and other big banks skipped important safety features that put Zelle customers at risk.