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

People looking to save money for a big trip or investment may want to make plans around an ‘extra’ paycheck in their pocket.

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 ...

Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to ...

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 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 ...

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 ...

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