A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America.

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to complain.

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.

More than 18 million people in the last year were scammed using apps, like Zelle or Cash App, to send money virtually.

In hopes of addressing a financial literacy deficit by working directly with young adults, the Detroit Pistons have partnered with Zelle to offer educational resources to encourage smart and safe banking practices and investing.

Canton Township police are warning residents about a new phone scam where the caller pretends to be one of their police officers. On Monday (March 1), a resident called to report the exchange after handing over more than $12,000.

It’s easier than ever to digitally send and receive money right from your smartphone -- the trouble is, scammers know this, too.

Thursday at 6:30 a.m. on Local 4 News Today

The BBB is warning people should only the P2P apps to send money to people they know. And always double check the profile of the person you are sending money too before actually hitting the second button. Duquesnel also recommends knowing how your bank would handle a mistake or a problem sending or receiving money through a P2P app. If you send money by mistake it is unlikely you will get the money back, and unfortunately scam artists know that as well. “We are seeing an increase in scams being perpetrated through a P2P app.