CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for Allowing Fraud to Fester on Zelle
December 20, 2024
December 20, 2024
WASHINGTON, Dec. 20 -- The Consumer Financial Protection Bureau issued the following news release:
Today, the Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation's largest banks for failing to protect consumers from widespread fraud on America's most widely available peer-to-peer payment network. Early Warning Services, which operates Zelle, along with three of its owner banks--Bank of America, JPMorgan Chase, and Wells Fargo--rushed the ne . . .
Today, the Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation's largest banks for failing to protect consumers from widespread fraud on America's most widely available peer-to-peer payment network. Early Warning Services, which operates Zelle, along with three of its owner banks--Bank of America, JPMorgan Chase, and Wells Fargo--rushed the ne . . .