NEW YORK, Aug 2 (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 ( BAC ).