Zelle and other digital payment apps, such as Venmo and Cash App, make it easy for scammers to get your money, and many ...

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect ...

The decision to drop the case comes as the CFPB, now led by White House budget director Russell Vought, has dropped multiple ...

Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by ...

UPDATE: This article includes comments from Zelle. JPMorgan Chase is taking new steps to curb payments made to scammers on peer-to-peer payments platform Zelle. Starting March 23, 2025, the ...

The Consumer Financial Protection Bureau dismissed on Tuesday its lawsuit against the operator of the Zelle payment network and three of the banks that control it, JPMorgan Chase (NYSE:JPM), Bank ...

dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) on Tuesday over their handling of fraud on the peer-to-peer payments network Zelle. The regulatory ...

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on Zelle ...

Those three banks are the largest financial institutions on the Zelle network ... Bank of America, JPMorgan Chase and Wells Fargo with prejudice. The dismissal comes less than a week after ...

Bank of America declined to comment. JPMorgan Chase, Bank of America and Wells Fargo of failing to protect consumers from fraud on Zelle costing hundreds of millions of dollars. the lawsuit alleged.

Investopedia reached out to Bank of America, JPMorgan Chase, and Wells Fargo for comment. “We welcome the CFPB’s decision to drop its lawsuit against the Zelle network. As we’ve said ...

JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. Zelle is a highly popular ...