Deutsche Bank analyst Mark DeVries raised the firm’s price target on Capital One (COF) to $215 from $174 and keeps a Hold rating on the shares ...

The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal government over alleged “widespread fraud” payments through Zelle. The Consumer ...

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

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

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

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The Consumer Financial Protection Bureau has filed a flurry of suits against major U.S. firms in recent months as the Biden ...

Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the peer-to-peer payment network Zelle and three US banks that conduct or facilitate transactions on ...

The regulator says that the banks—Bank of America, JPMorgan Chase and Wells Fargo—allowed fraud to run rampant on Zelle and failed to put safeguards in place to protect users. Find out more: ...

EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America. Those three banks are the largest financial institutions on the Zelle network, accounting for 73% of activity ...

He noted that “23 million Bank of America clients have embraced Zelle, regularly using it to send money to friends, family and people they trust.” Bank of America said it works directly with ...