CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it.
The agency alleges that the firms failed to properly investigate fraud complaints or give victims reimbursements.
Zelle said in a statement Friday that it was prepared to defend itself against this “meritless lawsuit.”
https://www.cnbc.com/2024/12/20/cfpb-sues-jpmorgan-chase-bank-of-america-wells-fargo-over-zelle-fraud.html