Sunday, December 22, 2024
A government agency that protects consumers has sued JPMorgan Chase, Bank of America, and Wells Fargo. The three major banks and the operator of Zelle, a popular payment app, were sued last Friday, December 20. The Consumer Financial Protection Bureau accused them of allowing fraud to fester on Zelle’s peer-to-peer network. The CFPB says shoddy safeguards on the network […]