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Bank of America in Talks With CFPB Over Zelle Network Inquiry
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Bank of America in Talks With CFPB Over Zelle Network Inquiry
Oct 30, 2024 4:34 AM

07:01 AM EDT, 10/30/2024 (MT Newswires) -- Bank of America ( BAC ) said in a Tuesday filing that it is in talks with the Consumer Financial Protection Bureau over a potential resolution or enforcement action on the watchdog's inquiry into the company's electronic payments processing through the Zelle network.

The company said it has been responding to the inquiry and is evaluating next steps, including litigation.

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