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

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.

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

The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.

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

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

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, ...

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

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

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