Regulators Probing Big Banks’ Handling of Zelle Scams
Regulators are investigating some of the biggest U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle, which has been facing scrutiny over scams and fraudulent transactions.
The Consumer Financial Protection Bureau probe focuses on JPMorgan JPM 0.03%increase; green up pointing triangle Chase, Bank of America BAC 1.03%increase; green up pointing triangle and Wells Fargo WFC -0.13%decrease; red down pointing triangle, among other large banks, according to people familiar with the matter.
Source: REUTER
