New York AG Letitia James sues Zelle, claiming that security lapses led to $1B+ in consumer fraud losses; the US CFPB dropped a similar case in March 2025
What To Know About Alleged $1 Billion Scams Over The App Lisa Hornung / UPI : N.Y. AG Letitia James sues parent company of Zelle for allowing fraud Truman Lewis / ConsumerAffairs.com : Zelle sued by N...
The US CFPB drops its lawsuit against Zelle operator EWS, JPMorgan, Bank of America, and Wells Fargo, after suing them in December 2024 over fraud complaints
The Consumer Financial Protection Bureau on Tuesday dismissed its lawsuit against the operator of the Zelle payments network …
Chase plans to stop users making Zelle payments deemed “as originating from contact through social media”; the CFPB had claimed Zelle lacked adequate safeguards
Sergiu Gatlan / BleepingComputer :
Zelle's payment volume crossed $1T in 2024, the most ever for a P2P platform, user base jumped 12% YoY to 151M accounts, and the total dollars sent grew 27% YoY
Some doing the same item 20x per week. — Rampant LinkedIn: Mike Cahill : Our tremendous growth is reshaping the future of money! With Zelle® payments exceeding $1 trillion in 2025, I'm excited to b...
The CFPB sues Zelle operator EWS, JPMorgan Chase, BoA, and Wells Fargo, alleging that customers lost $870M+ to fraud since the launch of Zelle in 2017
The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks …
In a major policy change, EWS says 2,100 banks on payment app Zelle began refunding imposter scam victims on June 30, 2023, after US lawmaker and CFPB pressure
Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised …
Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023
Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout — Big banks are teaming …
A report by Senator Warren's office: fraud and scams are occurring more often on P2P payments app Zelle, with banks only reimbursing ~47% of defrauded customers
Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according …
Sources: banks including JPMorgan, Bank of America, and Wells Fargo are considering whether to use Zelle as a payment option to compete with Visa and Mastercard
Wall Street Journal :
Scams and fraud are widespread on P2P payments app Zelle but the US banks backing the app say returning money to defrauded customers is not their responsibility
Zelle, the payments platform used by millions of customers, is a popular target of scammers.