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

The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal ...

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...

Wells Fargo, JPMorgan Chase and Bank of America are being sued by the Consumer Financial Protection Bureau over claims of unchecked fraud on the Zelle payment app -- setting up a legal showdown that ...

A federal agency is suing JPMorgan Chase Bank N.A., Wells Fargo Bank N.A. and Bank of America N.A., accusing the banks of failing to protect consumers from fraud on the widely available peer-to-peer ...

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 ...

New guidance from the Consumer Financial Protection Bureau said you should not store your money in payment apps. The reason, ...

Congress created the Consumer Financial Protection Bureau in 2010 in the aftermath of the Great Recession. It is a large ...

Then contactless payments grew in popularity, followed by virtual and digital cards exploding in use in the 2020s. In ...

Another sign that could indicate potential fraud on your credit report is the presence of collections or charge-offs.