One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle, the popular money transfer network. The Consumer Finance Protection Bureau argued ...

But Zelle scams often trick victims into transferring cash themselves. Banks have said they have no responsibility for reimbursing customers for transactions they made themselves, even if they ...

Chase will ‘decline or block’ Zelle payments stemming from social media starting March 23rd. Chase will ‘decline or block’ Zelle payments stemming from social media starting March 23rd ...

And the horserace for market leadership in that field has a new leader. In 2024, Zelle topped $1 trillion in transactions for the first time. Some 151 million people used the payments network ...

JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. Zelle is a highly popular ...

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous ...

“The nation’s largest banks felt threatened by competing payment apps, so they rushed to launch Zelle. By not implementing proper safeguards, Zelle became a goldmine for scammers, often ...

"Zelle is not just a popular way to send money, it's a vital tool that's transforming how money moves across America," said Denise Leonhard, general manager of Zelle. "It is the go-to peer-to-peer ...

A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments made through social media networks and messaging apps. Chase said that Zelle was ...

Anna Moneymaker / Getty Images The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against several big banks for failing to safeguard the Zelle payments network from fraud.

Zelle is a peer-to-peer (P2P) payment platform that allows enrollees to send and receive payments directly from their bank account using an email address or phone number. Users can send money to ...