Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams. Two major banks ...

Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams.

LA Times Today: Zelle scams prompt federal probe into whether banks are doing enough to protect customers Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the ...

Zelle introduced a new policy last year to help victims of scams get their money back, but some customers are learning their cases may not qualify.

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America.

The probe focuses on JPMorgan, Bank of America and Wells Fargo among other large banks, the report said, citing people familiar with the matter.

Bank of America said on Tuesday it is evaluating potential litigation over a U.S. consumer watchdog inquiry into the bank's processing of funds through the Zelle payment app.

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams.