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JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle CNNIn a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud NPRCFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud CNBC
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Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump's return to office.
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The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
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