Zelle and the banks that own the popular payments platform are facing new scrutiny over scams on the trillion-dollar network.

Lawmakers are asking JPMorgan, Wells Fargo, Bank of America, and other financial institutions about how many Zelle scams ...

CFPB alleges that, as a result, hundreds of thousands of customers of JPMorgan Chase, Bank of America and Wells Fargo have lost more than $870 million since Zelle launched seven years ago. Zelle ...

UPDATE: This article includes comments from Zelle. JPMorgan Chase is taking new steps to curb payments made to scammers on peer-to-peer payments platform Zelle. Starting March 23, 2025, the $4 ...

Finance JPMorgan Chase launches new restrictions on Zelle after $870 million lost in scams at Chase, Bank of America and Wells Fargo. The controversial payment service Zelle has been used by ...

JPMorgan Chase, one of the owners of Early Warning, has said it would fight enforcement actions it might face over Zelle after the Consumer Financial Protection Bureau sent inquiries to the bank about ...

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in ...

The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase and Bank of America, began reversing transfers as of June 30 for customers duped into ...

That suit alleged that Zelle's parent company JPMorgan Chase and other financial institutions had skipped certain safety measures needed to protect users from scammers using phony accounts.