The Scottsdale-based operator of Zelle and three of the banks that co-own it are being sued by the federal government, alleging a failure to protect consumers from fraud. The Consumer Financial ...

(Photo by Chip Somodevilla/Getty Images) Peer-to-peer (P2P) payment service Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment ...

The Consumer Financial Protection Bureau (CFPB) has sued the operator of Zelle—as well as Bank of America, JPMorgan Chase, and Wells Fargo—for failing to protect consumers on the peer-to-peer ...

CFPB sues JPMorgan, Bank of America, and Wells Fargo over Zelle Banks failed to protect consumers, CFPB alleges Lawsuit driven by political factors, says Zelle's parent The U.S. Consumer Financial ...

The CFPB sued Zelle and its bank owners last month for not doing enough to stop fraud. There’s no doubt consumer scams are multiplying as criminals exploit technology such as artificial ...

The lawsuit alleges the banks rushed to complete the Zelle payment network in order to compete with Venmo and CashApp. The lawsuit further alleges that the banks “systemically failed” their ...