Lawsuit targeting Bank of America, Wells Fargo and others over Zelle fraud dropped by CFPB
It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.
In reversal under Trump, Feds drop Zelle fraud suit against Bank of America, Wells Fargo
The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with ...
Digital Transactions10d
How Zelle Has Become a Key Part of BofA’s Digital Interaction Strategy
Bank of America Corp. customers using Zelle initiated a record 1.6 billion transactions totaling $470 billion in 2024. Transaction volume increased 25%, and dollar volume 26%, last year compared to ...
CFPB dismisses Zelle fraud suit against JPMorgan, BofA, Wells Fargo, CNBC says
The CFPB has dismissed its lawsuit against Early Warning Services, which runs Zelle, as well as JPMorgan (JPM), Bank of America (BAC), and ...