Mashable2mon
Zelle payment fraud gets major banks sued by the CFPB
The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan Chase, Bank of America, and Wells Fargo, claiming that customers of the ...
American Banker1mon
Wells Fargo freed from a pair of 13-year-old consent orders
JPMorgan Chase and Zelle of enabling widespread fraud. Being freed from the 2011 orders "is another important sign that we continue to make clear, meaningful progress to resolve our historical ...
as.com12d
JPMorgan Chase launches new restrictions on Zelle after $870 million lost in scams at Chase, Bank of America and Wells Fargo
Without The complaint continues: “Defendants’ failures resulted in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo) alone, including complaints of ...
Charlotte Observer1mon
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In December, the CFPB sued Wells Fargo for failing to stop “widespread” Zelle fraud. Bank of America and JPMorgan Chase are also named in the lawsuit. Customers have lost more than $870 ...