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CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

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Summary
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79% Informative

Zelle is a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services .

The agency alleges that the firms failed to properly investigate fraud complaints or give victims reimbursements.

Zelle said in a statement Friday that it was prepared to defend itself against this "meritless lawsuit".

VR Score

84

Informative language

87

Neutral language

15

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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