The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to ...

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

The Consumer Financial Protection Bureau said more than $870 million in Zelle-related fraud losses hit consumers at three big ...

The lawsuit cites Zelle’s designs and features, including a “limited” identity verification process that involves assigning a ...

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and ...

The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...

Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for ...

Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.

The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...