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

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

Congress created the Consumer Financial Protection Bureau in 2010 in the aftermath of the Great Recession. It is a large ...

Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are ...

After Zelle added to its "S.A.F.E. Squad" campaign, the Consumer Financial Protection Bureau said Zelle customers lost $870 million due to fraud.

Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...

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

Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...

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