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Consumer Finance Watchdog Sues Zelle, Major Banks for Failing to Address Fraud
The Consumer Financial Protection Bureau (CFPB) has sued the operator of Zelle—as well as Bank of America, JPMorgan Chase, ...
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 ...
LAist on MSN17h
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a ...
KJZZ17h
Arizona fintech company targeted in federal lawsuit over Zelle payment network fraud
Early Warning Services, a fintech company based in Scottsdale, Arizona, that operates Zelle, is named in the lawsuit. EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of ...
More than $125 million is stolen every year on Zelle. The feds say little is done to stop it.
More than $481 billion is transferred using Zelle every year. Of that, at least $125 million is getting stolen from consumers. The government says the big banks that own the platform have done little ...