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

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

The Consumer Financial Protection Bureau sued the operator of Zelle and three of the country's largest banks — JPMorgan Chase ...

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says ...

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

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

The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the ...

The Consumer Financial Protection Bureau has filed a lawsuit against Zelle's operator and three major banks—Bank of America, ...

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

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

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

The Consumer Financial Protection Bureau (CFPB) alleged that various factors, including Zelle's relatively 'limited ...