Zelle is owned by seven major banks. The CFPB has sued Early Warning Services, the company that operates Zelle, along with ...

The lawsuit cites Zelle’s designs and features, including a “limited” identity verification process that involves assigning a ...

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

CFPB alleges JPMorgan Chase and other big banks skipped important safety features that put Zelle customers at risk.

Three of the biggest U.S. banks are being sued by a top financial regulator that says they allowed fraud to run rampant on ...

The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...

The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to ...

The nation's top consumer watchdog on Friday sued the payment app Zelle and three of the nation's largest banks for failing ...

The agency said they will seek cash damages to repay consumer losses over fraudulent activity. It claims that customers at ...

The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.

The Consumer Financial Protection Bureau sued three of the largest U.S. banks for fraud perpetrated on the bank-owned payment ...

The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...