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CFPB sues top US banks, says they allowed fraud on payment platform Zelle
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CFPB sues top US banks, says they allowed fraud on payment platform Zelle
Dec 20, 2024 7:08 AM

(Reuters) - The U.S. Consumer Financial Protection Bureau said on Friday it had filed a lawsuit against JPMorgan Chase , Bank of America, and Wells Fargo, accusing the banks of allowing "fraud to fester" on peer-to-peer payments platform Zelle.

The CFPB in a statement said it was seeking to stop the alleged unlawful practices, secure redress and penalties, and obtain other relief.

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