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 a legal showdown that the incoming Trump administration could quash as soon as next month. Read more...

The Columbian

Vancouver

Clark County

Washington

United States

Wells Fargo, Chase, Bank of America sued over alleged unchecked fraud on Zelle app

NEW YORK, Dec. 24 (Xinhua) -- U.S. financial giants Wells Fargo, JP Morgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau (CFPB) over alleged unchecked fraud on the Zelle payment app, setting up a legal showdown that the incoming Donald Trump administration could quash as soon as next month, the Los Angeles Times has reported. Read full story

Media Bias/Fact Check

The Star Kuala Lumpur

Star Media Group

Malaysia

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

Ad Fontes Media

All Sides

Los Angeles Times

Patrick Soon-Shiong

Los Angeles

Los Angeles County

California

The nation's three largest financial institutions — Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are being sued by the Consumer Financial Protection Bureau.

News & Record

Lee Enterprises

Cherokee County

Georgia

Banks sued over alleged Zelle-related fraud

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

AZCentral

Gannett

Phoenix

Maricopa County

Arizona

Scottsdale-based operator of Zelle, banks sued by federal government

Winston-Salem Journal

Nation's three-largest banks sued by federal regulators over alleged Zelle-related fraud

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

BizToc

Source link : https://theamericannews.net/america/usa/california/wells-fargo-chase-bank-of-america-sued-over-alleged-unchecked-fraud-on-zelle-app/ Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on the Zelle app used by millions. Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=676a1dfb236a461299c5072f2c4542ea&url=https%3A%2F%2Fwww.msn.com%2Fen-us%…

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Wells Fargo, Chase, Bank of America sued over alleged unchecked fraud on Zelle app – Your Blog Domain

The CFPB says JPMorgan, BoA and Wells Fargo failed to implement anti-fraud safeguards on Zelle, resulting in $870mn in losses to customers over 7 years. 		
			
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US Regulator Files Lawsuit Targeting Zelle and Three Major Banks

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against three of the largest banks in the country for failing to safeguard the Zelle network. The post CFPB Sues Three Major Banks Over Zelle Fraud appeared first on Miles to Memories.

Wells Fargo, Chase, Bank of America sued over alleged unchecked fraud on Zelle app

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