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The Zelle peer-to-peer payment network is owned by seven of the largest US banks and has more than 2

JPMorgan Chase, Bank of America and Wells Fargo sued for failing to prevent fraud on Zelle

By Jeanne Sahadi, CNN (CNN) — The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment system, “for allowing fraud to fester” on that network. CFPB alleges that, as a result, hundreds of thousands of customers

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The Fed’s go-to inflation gauge ticked up less than expected last month

By Alicia Wallace, CNN (CNN) — The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion. Still, cost of living concerns are growing as 2025 approaches and uncertainty widens about potential inflationary global events

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