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 ...

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 ...

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 ...

JPMorgan Chase may request information about the purpose of a payment, the method of contact with the recipient or other details the bank "deems appropriate to assess whether your payment has elevated ...

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 is one of the banks that offers the digital payment service, but there's one thing Chase customers need to know: There are some Zelle transactions Chase may no longer allow to you make.

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.

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 ...