Zelle, Bank of America and Chase

Wells Fargo, Chase, Bank of America sued over alleged unchecked fraud on Zelle app
Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on the Zelle app used by millions.
Regulator sues Chase, Wells Fargo, Bank of America over Zelle payment fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.
Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Zelle and major banks face $870 million lawsuit over alleged fraud losses
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the peer-to-peer payment network Zelle and three US banks that conduct or facilitate transactions on
Nation's three-largest banks sued by federal regulators over alleged Zelle-related fraud
Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are
Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle
The lawsuit cites Zelle’s designs and features, including a “limited” identity verification process that involves assigning a “token” to a user’s email address or mobile phone number that they can use to verify their account with a one-time passcode.
3 institutions face lawsuits over Zelle app fraud reports
Wells Fargo, JPMorgan Chase and Bank of America are being sued by the Consumer Financial Protection Bureau over claims of unchecked fraud on the Zelle payment app -- setting up a legal showdown that the incoming Trump administration could quash as soon as next month.
Feds sue Bank of America, Wells Fargo for failing to stop ‘widespread’ Zelle fraud
The Consumer Financial Protection Bureau made the announcement Friday and claims that Americans have lost hundreds of millions of dollars to fraud connected to poor safeguards for the peer-to-peer payment network. JPMorgan Chase is also listed in the lawsuit.
Benzinga.com6h
'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit
The lawsuit alleges the banks rushed to complete the Zelle payment network in order to compete with Venmo and CashApp. The ...
More than $125 million is stolen every year on Zelle. The feds say little is done to stop it.
A lawsuit filed by the CFPB says Zelle and the big banks that own it left the platform vulnerable to fraud in an effort to ...
Scottsdale-based operator of Zelle, banks sued by federal government
The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the ...
Crowdfund Insider4d
CFPB Claims Regarding Zelle Losses May Be Exagerated
Earlier this week, the Consumer Financial Protection Bureau  (CFPB) announced a lawsuit targeting the big banks that launched ...