By Nupur Anand
NEW YORK (Reuters) – JPMorgan Chase said on Friday it is considering whether to sue a U.S. government consumer watchdog over inquiries into the Zelle payment app.
The bank said in a filing it is responding to queries from the Consumer Financial Protection Bureau (CFPB) over Zelle.
The CFPB has informed JPMorgan that the bank can pursue a settlement or face an enforcement action.
“The firm is evaluating next steps, including litigation,” JPMorgan said.
Zelle is owned by seven major banks, including JPMorgan and Bank of America.
(Reporting by Nupur Anand in New York, editing by Lananh Nguyen)
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