Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with ...

The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan ...

Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer ...

Earlier this week, the Consumer Financial Protection Bureau  (CFPB) announced a lawsuit targeting the big banks that launched ...

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.

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

After Zelle added to its "S.A.F.E. Squad" campaign, the Consumer Financial Protection Bureau said Zelle customers lost $870 million due to fraud.

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 ...

The CFPB alleges the firms rushed a peer-to-peer payment network to market without adequate consumer protections. © 2024 Fortune Media IP Limited. All Rights ...