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0.000294426477382488 0.00021000462010169 0.00195304296694529 0.00163803603679287 0.00386408500987028 0.00168003696081316 -0.00170103742282331 -0.000966021252467511
Stock impact report

Fortune [Fortune]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Fortune
The regulator alleges the group failed to provide adequate protections against fraud on the Zelle network, which lets customers instantly send money between banks and to each other. In its complaint, the regulator named JPMorgan Chase, Bank of America, Wells Fargo, and Early Warning Services. The latter is also co-owned by Capital One, PNC Bank, Truist, and U.S. Bank, which were not named as defendants. In a statement announcing the suit, the CFBP alleged that customers of the three banks have collectively lost more than $870 million over the network's seven-year existence due to these failures. “The nation's largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” said CFPB director Rohit Chopra in the statement. “By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves.” Scottsdale, Arizona-based Early Warning Services released a response claiming the laws Show less Read more
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