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The Latest Breaking News from Zelle

CFPB drops Zelle fraud lawsuit

The lawsuit, filed under the Biden administration, alleged the banks failed to investigate cases of fraud

Salon

In a win for Silicon Valley, Senate votes to overturn key payments regulation that could benefit Elon Musk’s X

The rule was enacted under the Biden administration’s Consumer Financial Protection Bureau last November.

Fortune

Trump's Halt On CFPB Raises Big Concerns: Will Key Consumer Protections Survive?

Founded in 2011 after the 2008 financial crisis, the CFPB is tasked with regulating consumer finance, including overseeing credit card companies, mortgage lenders, and debt collectors.

International Business Times

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Wells Fargo CEO says Trump administration ‘gives us optimism’ for 2025: ‘We succeed when the country succeeds’

The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

Fortune

JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle

Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for fraudsters."

International Business Times

Big banks sued for alleged Zelle fraud

The federal government says the banks failed to investigate cases and reimburse consumers

Salon

JPMorgan Chase, Bank of America, Wells Fargo and Zelle sued by regulator that claims the banks lost $870 million

The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

Fortune

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More Americans than ever have bank accounts—FDIC boss credits this key technology

A simple banking innovation solves nearly every problem unbanked users say keeps them from getting an account.

Fortune

Election warning: Zelle CEO says elderly users face high risk of political donation scams

With reports of elderly victims of political scammers on the rise, the payment giant that transacted $481 billion in the first half of 2024 says families need to get involved.

Fortune

Massive Bank of America outage — live updates on $0 account balances

Bank of America customers across the U.S. are experiencing issues when checking their balances on both the company’s app and website.

Tom’s Guide

Mystery group paid influencers tens of thousands to push sexual smears about Kamala Harris

Ex-congressman George Santos told The Independent he was invited to join call but objected to making such slurs about Harris

The Independent UK

Kiplinger Readers' Choice Awards 2024: Peer-to-Peer Payment Services

The winners of the Kiplinger Readers’ Choice Awards' best peer-to-peer payment services category. Our awards celebrate the very best products and services in personal finance.

Kiplinger

‘Bank jackings’ in Chicago see robbers drain victims’ accounts with their phone apps

They grab cellphones and demand pass codes to banking apps like Zelle and Venmo. A Chicago architect who lost more than $2,000 that way says: “Don’t have any banking apps on your phone.”

Chicago Sun-Times

CIBC Agility Digital Banking Review 2023: High-yield savings and CDs for online banking customers

All you need is a $1,000 deposit to take advantage of CIBC’s great rates.

Fortune

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Kiplinger

FTC Cautions Consumers on Heels of Latest Zelle Scam

The FTC issued a warning about a scam involving fake job offers.

The Independent UK

Unexplained outage at Chase Bank leads to interruptions at Zelle payment network

An unexplained outage at Chase Bank has led to interruptions for users of the Zelle payment network, who took to social media to complain

The Independent UK

Your paycheck could clear faster now that the FedNow instant payment service for banks has launched

The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks

Kiplinger

Credit, Debit or Cash? Which is Best?

Credit or debit? Cash? Each payment method has pros and cons. Your best bet is to use a combination that meets your own needs.

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news in one place.

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Kiplinger

Chase Bank Reports Duplicate Zelle Payments Glitch

Chase bank confirmed customer complaints about a Zelle payments glitch registering duplicate transactions.

Fortune

SoFi review: earn up to 4.60% APY on free savings accounts

SoFi Bank offers a low-cost online banking option for digital-first consumers and 24/7 customer service hours.

Kiplinger

Kiplinger Readers' Choice Awards: Peer-to-Peer Payment Services

The winners of the Kiplinger Readers’ Choice Awards' best peer-to-peer payment services category. Our awards celebrate the very best products and services in personal finance.

Kiplinger

What to Look Out for Using Digital Payments Like Venmo and Zelle

More and more Americans have abandoned paper money and coins, but there are risks to using peer-to-peer digital payments.

Fortune

America’s biggest banks are teaming up to take on Apple Pay and PayPal with a new digital wallet. Analysts think it could flop

The company behind the popular payment service, Zelle, is launching a new wallet to compete with payment behemoths PayPal and Apple Pay.

WEKU

Bank of America says the problem with Zelle transactions is resolved

The website Downdetector reported spikes in outages involving Bank of America and payment platform Zelle starting Wednesday morning.

The Independent UK

Zelle users report outage with bank-to-bank payment system

On Wednesday, Bank of America customers complained on Twitter about missing money

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