Early Warning Services, the network operator of Zelle, announced a new initiative to allow Zelle to provide faster and reliable cross-border money movement. The update marks a key step in expanding the reach of Zelle globally by leveraging stablecoins. Zelle is a preferred way of… Read More
Read more in: Fintech, Global | Tagged early warnings, payments, zelle
New York Attorney General Letitia James sued Early Warning Services, LLC (EWS), a company owned and controlled by a group of the largest banks in the United States that was tasked with developing and operating the electronic payment platform Zelle, for failing to protect its users… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged early warnings, fraud, lawsuit, nyag, payments, zelle
In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo—along with Zelle’s operator, Early Warning Services. The case, which alleged that these institutions failed… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged bank of america, cfpb, consumer protection, digital payments, early warnings, jpmorgan, us, wells fargo, zelle
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