CFPB Sues Zelle Operator and Major Banks Over Fraud Issues
The CFPB has filed lawsuits against the operator of Zelle and major banks, Bank of America, Wells Fargo, and JPMorgan Chase, for their handling of fraud cases on the Zelle platform.
The Consumer Financial Protection Bureau (CFPB) has initiated lawsuits against the organization that operates Zelle and three major banks: Bank of America, Wells Fargo, and JPMorgan Chase, for their handling of fraud on the Zelle platform.