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Early Warning Services, LLC; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; Wells Fargo Bank, N.A

CFPB Enforcement · 2024-12-20

Action

Party
Early Warning Services, LLC; Bank of America, N.A.; JPMorgan Chase Bank, N.A.; Wells Fargo Bank, N.A
Date filed
2024-12-20
CFPB page
https://www.consumerfinance.gov/enforcement/actions/early-warning-services-llc-bank-of-america-na-jpmorgan-chase-bank-na-wells-fargo-bank-na/

Description

On December 20, 2024, the Bureau filed a lawsuit against Early Warning Services, LLC (EWS), Bank of America, N.A., JPMorgan Chase Bank, N.A., and Wells Fargo Bank, N.A., claiming they failed to safeguard the Zelle network from fraud and other defects, which resulted in hundreds of millions of dollars in consumer losses.

Source

Authoritative
CFPB Enforcement Actions
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