The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.

The CFPB also faulted EWS and the named banks for Zelle’s “shoddy safeguards” and faulty design that allowed fraudsters to thrive on the network.

This design flaw enabled payments intended for consumers ... They also allegedly violated the Zelle Network’s own rules by not reporting fraud incidents consistently or on time.

And the horserace for market leadership in that field has a new leader. In 2024, Zelle topped $1 trillion in transactions for the first time. Some 151 million people used the payments network ...

Chase will ‘decline or block’ Zelle payments stemming from social media starting March 23rd. Chase will ‘decline or block’ Zelle payments stemming from social media starting March 23rd ...