CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...

EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America. Those three banks are the largest financial institutions on the Zelle network, accounting for 73% of activity ...

The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.

In addition to exposing customers to fraud, the banks violated federal laws for electronic fund transfers, according to the ...

Early Warning Services, which designed and operates Zelle, is co-owned by seven big banks — Bank of America, Capital One, Chase, PNC Bank, Trust, U.S. Bank and Wells Fargo. Early Warning ...

In a Friday news conference, CFPB Director Rohit Chopra alleged that Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo, as well as Zelle operator Early Warning Services LLC, allowed ...

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 ...

FILE - Collage image of Wells Fargo, JPMorgan and Bank of America. (Getty Images) LOS ANGELES - Hundreds of thousands of customers were victims of fraud after using Zelle through Wells Fargo ...