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. prima91 – stock.adobe.com ...

Former Wells Fargo executive audit director Paul McLinko, whom the OCC originally fined a sum of $1.5 million, received a fine of $50,000.

EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America. Those three banks are the largest financial institutions on the Zelle network, accounting for 73% of activity ...

The CFPB’s December filing said that 210,000 Bank of America customers experienced over $290 million in collective losses, 420,000 Chase customers lost over $360 million and 280,000 Wells Fargo ...

EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America. Those three banks are the largest financial institutions on the Zelle network, accounting for 73% of activity ...

Wells Fargo’s history of fines, fraud, and misconduct spans years, including a $3B settlement and its $2T cap being lifted in 2023.

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