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The Consumer Financial Protection Bureau today announced it is suing three major banks and Early Warning Services, the bank-owned consortium that runs the popular payment app Zelle.
The service, created in 2017, is operated by Early Warning Services LLC, a company co-owned by seven banks: Bank of America, Wells Fargo JP Morgan Chase, Truist, U.S. Bank, PNC and Capital One.
We strongly disagree with the CFPB’s effort to impose huge new costs on the 2,200 banks and credit unions that offer the free Zelle service to clients. 23 million Bank of America clients have ...
Additionally, Zelle payments can be much faster than those sent through other P2P apps, appearing in a recipient’s bank account almost instantly with no extra fees. In most cases, once payment ...
Zelle is a peer-to-peer payment system operated by Early Warning Services, an Arizona tech company owned by Bank of America, Wells Fargo, JPMorgan Chase, PNC Bank, U.S. Bank, Capital One and Truist.
Zelle allows you to cancel a payment if the recipient isn’t enrolled with Zelle, but it may offer a reimbursement for money you sent to an imposter scammer, depending on the circumstances ...