Zelle, Bank of America

Zelle and major banks face $870 million lawsuit over alleged fraud losses
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the peer-to-peer payment network Zelle and three US banks that conduct or facilitate transactions on
Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Zelle and three banks that own it — Wells Fargo, Bank of America, and JPMorgan Chase — claiming they failed “to protect consumers from widespread fraud.
Zelle and America’s biggest banks are being sued for putting your funds at risk
The CFPB has filed a lawsuit against Zelle and three major US banks over allegations of failing to adequately protect consumers from fraud.
Operator of Zelle, three banks, accused of failing to protect consumers from fraud
Federal regulators sued the operator of Zelle, the popular payment app, and three large banks, saying they failed to protect consumers from widespread fraud. NBC News' Brian Cheung reports on the lawsuit and the response from Zelle and the banks.
Feds Sue Banks for 'Widespread Fraud' on Zelle and Limited Victim Compensation
Zelle and three of the banks behind one of the nation’s biggest payment networks failed to protect users from “widespread fraud,” federal regulators alleged in a lawsuit filed Friday.
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle,
JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle
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
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.
Lawsuit: Major banks rushed Zelle to market, allowed fraud in cash transfers
The Consumer Financial Protection Bureau has filed a lawsuit against Zelle's operator and three major banks—Bank of America, JPMorgan Chase, and Wells Fargo—accusing them of prioritizing speed over security in their rush to compete with other payment apps like Venmo.
Feds sue Bank of America, Wells Fargo for failing to stop ‘widespread’ Zelle fraud
The Consumer Financial Protection Bureau made the announcement Friday and claims that Americans have lost hundreds of millions of dollars to fraud connected to poor safeguards for the peer-to-peer payment network. JPMorgan Chase is also listed in the lawsuit.
More than $125 million is stolen every year on Zelle. The feds say little is done to stop it.
A lawsuit filed by the CFPB says Zelle and the big banks that own it left the platform vulnerable to fraud in an effort to ...
Crowdfund Insider1d
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 ...
Victims warn others of popular scam using Zelle that duped them out of thousands
It’s become a common scheme – scammers calling you pretending to be with your bank wanting you to use Zelle to send money.
Protect Your Money From Zelle Scams
A lawsuit from the CFPB proves just how popular the peer-to-peer service is with fraudsters, and what makes it especially ...