Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or ...

WASHINGTON, DC - DECEMBER 15: Consumer Financial Protection Bureau Director Rohit Chopra testifies ... [+] before the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate ...

In the modern age, there are plenty of ways to send money to friends, family and people you contract for work. Using apps ...

Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.

Federal regulators said in a lawsuit on Tuesday that the giant bank deliberately underpaid savings account interest, even as ...

The best banking apps let you manage accounts, set up alerts, and more. Investopedia’s staff researched 15 top U.S. banking ...

(The Hill) – The government’s consumer watchdog alleged Zelle and three banking giants ... alleged Friday that Bank of America, JPMorgan Chase and Wells Fargo were slow to crack down on ...

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

The lawsuit alleges the banks rushed to complete the Zelle payment network in order to compete with Venmo and CashApp. The lawsuit further alleges that the banks “systemically failed” their ...

CFPB alleges that, as a result, hundreds of thousands of customers of JPMorgan Chase, Bank of America and ... failed to protect its own account owners from using Zelle to perpetrate fraud.