(Reuters) – The U.S. Consumer Financial Protection Bureau said on Friday it had filed a lawsuit against JPMorgan Chase , Bank of America, and Wells Fargo, accusing the banks of allowing “fraud to fester” on peer-to-peer payments platform Zelle.
The CFPB in a statement said it was seeking to stop the alleged unlawful practices, secure redress and penalties, and obtain other relief.
(Reporting by Ismail Shakil in Ottawa; Editing by Chizu Nomiyama)
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