and Wells Fargo. The CFPB claims that since Zelle's launch in 2017, customers of the three banks have lost over $870m due to inadequate fraud prevention and detection measures. Zelle facilitates ...

Wells Fargo has checked more boxes in its progress toward fixing its once-scandal-laden consumer businesses, announcing Monday afternoon that it's shed another consent order. The Office of the ...

Bank of America and Wells Fargo in December, alleging that the firms failed to properly investigate fraud complaints or give victims reimbursement. The CFPB "dismisses this action against ...

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 ...

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 ...