Early Warning Services LLC, which operates peer-to-peer (P2P) money transfer network Zelle, along with three of the network owners—Bank of America, JPMorgan Chase and Wells Fargo—have been sued by the Consumer Financial Protection Bureau (CFPB) alleging unlawful practices pertaining to fraudulent transactions. In the first six months of 2024, consumers and small businesses moved $481 billion over the Zelle network through linked email addresses or mobile phone numbers. Small businesses accounted for 27%. There are 143 million consumers and small businesses enrolled in Zelle. Among ...