The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. The Consumer Financial Protection Bureau says ...

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 the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells ...

The Consumer Financial Protection Bureau (CFPB) alleged that various factors, including Zelle's relatively 'limited ...

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

CFPB alleges that, as a result, hundreds of thousands of customers of JPMorgan Chase, Bank of America and Wells Fargo have lost more than $870 million since Zelle launched seven years ago.

The Consumer Financial Protection Bureau claims that JPMorgan Chase, Wells Fargo and Bank of America have failed to protect consumers from fraud on the popular peer-to-peer payment platform Zelle.

A federal agency is suing JPMorgan Chase Bank N.A., Wells Fargo Bank N.A. and Bank of America N.A., accusing the banks of failing to protect consumers from fraud on the widely available peer-to-peer ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect ...

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America ... from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.