Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer ...

The agency says JPMorgan, Bank of America and Wells Fargo didn’t do enough to protect users from fraud.

"Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves," the CFPB said.

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

The U.S. Consumer Financial Protection Bureau said on Friday it had filed a lawsuit against JPMorgan Chase , Bank of America, ...

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...

The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...

After The Great Recession, the government set up the Consumer Financial Protection Bureau — an independent bureau to protect ...

The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan ...

Earlier this week, the Consumer Financial Protection Bureau  (CFPB) announced a lawsuit targeting the big banks that launched ...

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