By Jaiveer Singh Shekhawat
The Consumer Financial Protection Bureau (CFPB) is investigating major U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle, the Wall Street Journal reported on Wednesday.
The probe focuses on JPMorgan JPM.N, Bank of America BAC.N and Wells Fargo WFC.N among other large banks, the report said, citing people familiar with the matter.