NEW YORK (Reuters) - JPMorgan Chase ( JPM ) said on Friday it is considering whether to sue a U.S. government consumer watchdog over inquiries into the Zelle payment app.

The bank said in a filing it is responding to queries from the Consumer Financial Protection Bureau (CFPB) over Zelle.

The CFPB has informed JPMorgan ( JPM ) that the bank can pursue a settlement or face an enforcement action.

"The firm is evaluating next steps, including litigation," JPMorgan ( JPM ) said.

Zelle is owned by seven major banks, including JPMorgan ( JPM ) and Bank of America.