Wells Fargo, JP Morgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up a legal ...

Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans ...

"The nation's largest banks felt threatened by competing payment apps, so they rushed to put out Zelle," CFPB Director Rohit Chopra said in a statement. "By their failing to put in place proper ...

over alleged unchecked fraud on the Zelle payment app, setting up a legal showdown that the incoming Donald Trump administration could quash as soon as next month, the Los Angeles Times has reported.

The Zelle payment app opened the door for crooks and con artists to steal hundreds of millions of dollars from consumers over several years, and some big banks are to blame for a chaotic rush to ...

“The nation’s largest banks felt threatened by competing payment apps, so they rushed ... in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo ...

Considering the banks that have partnered, many Americans should not have trouble finding Zelle on their bank’s app. Banks such as JP Morgan Chase, Bank of America and Wells Fargo will all be ...

“The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” said CFPB Director ... “Defendants’ failures resulted in millions of complaints about Zelle ...