Zelle, the popular peer-to-peer payment platform, is experiencing an outage that is causing payment problems for customers at some banks. CNN values your feedback 1.

CFPB dropped lawsuit against JPMorgan Chase, Wells Fargo, and Bank of America for alleged failure to prevent fraud on Zelle. Trump administration ended several consumer protection cases.

The 2024 lawsuit alleging rampant fraud on the peer-to-peer payments service is the latest action the CFPB has dismissed under the Trump administration.

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.

Check fraud has surged dramatically in the past three years, with a reported 90% increase in check fraud-related suspicious activity from 2021 to 2023 and continued incidents throughout 2024.

The Consumer Financial Protection Bureau has filed a lawsuit against Zelle's operator and three major banks—Bank of America, JPMorgan Chase, and Wells Fargo—accusing them of prioritizing speed ...

Please check back later. Ad Feedback. JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle By Jeanne Sahadi, CNN 5 minute read ...

Since its launch in 2017, Zelle has become one of the most widely used peer-to-peer payment networks in the U.S., with more than 143 million users. In the first half of 2024, Zelle users transferred ...

Since Zelle launched in 2017, according to the CFPB, JPMorgan Chase received 420,00 customer complaints involving more than $360 million; Bank of America heard from 210,000 customers with more ...

JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle The CFPB said the nation's largest banks failed to put safeguards in place for consumers, creating a 'gold mine for fraudsters' ...

JPMorgan Chase, Bank of America, Wells Fargo and the operator of Zelle sued for "for allowing fraud to fester" Skip to content. NOWCAST WBAL-TV 11 News Today. Live Now ...