Wells Fargo, JP Morgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on ... Walmart and Rocket Mortgage over alleged ...

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 is suing the operator of Zelle and three of the United States' largest banks—Bank of ...

The financial regulators Friday sued Bank of America, JPMorgan Chase and Wells Fargo saying they failed to protect consumers from widespread fraud on the popular peer-to-peer payment network.

CFPB Director Rohit Chopra alleged that Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo, as well as Zelle operator Early Warning Services LLC, allowed fraud to flourish on Zelle and ...

The Consumer Financial Protection Bureau says the banks failed to protect hundreds of thousands of consumers from rampant ...

CFPB sues Zelle and three banks for fraud on the peer-to-peer network, seeking penalties and redress for over $870M in losses ...

The regulator alleges the group failed to provide adequate protections against fraud on the Zelle network ... Bank of America, Wells Fargo, and Early Warning Services. The latter is also co ...

Bank of America had complaints of over $290 million in fraud losses by 210,000 customers. And Wells Fargo had $220 million in fraud losses by 280,000 customers since Zelle started in 2017.

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up ...