Zelle Lawsuit, Major US Banks Fail to Protect Consumers Amid Growing Fraud Crisis
Millions of users trust Zelle for quick and easy money transfers, but a growing fraud crisis has led to a significant legal dispute. The Consumer Financial Protection Bureau (CFPB) is taking action against Zelle and its parent banks—Bank of America, JPMorgan Chase, and Wells Fargo—accusing them of failing to protect consumers from scams that have…