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 ...
Zelle payment fraud gets major banks sued by the CFPB
The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan ...
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 ...
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to ...
Crowdfund Insider4d
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 ...
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 Takes on BoA, Wells Fargo and JPMorgan Chase Over Zelle Fraud
The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...
CFPB Sues Zelle Operator, Top U.S. Banks Over Lack of Fraud Prevention -- Update
The CFPB sued Bank of America, JPMorgan Chase and Wells Fargo, alongside Zelle's operator, Early Warning Services--which is co-owned by these three banks, among several others. The CFPB argued that ...
KUOW5d
CFPB sues three top U.S. banks for failing 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 ...
USA Today5d
$870M in Zelle fraud losses spark lawsuit against platform, 3 major banks
The independent agency also sued the operator of Zelle, called Early Warning Services. The CFPB put Zelle-related fraud losses at more than $870 million involving customers at just the three banks ...
Mashable5d
Zelle payment fraud gets major banks sued by the CFPB
Zelle, the payments app you likely use primarily to send rent to your landlord, is at the center of a lawsuit announced Friday by the Consumer Financial Protection Bureau (CFPB). The CFPB is suing ...