“Government authorities have been conducting formal or informal inquiries or investigations regarding the handling of customer disputes related to fund transfers made through the Zelle Network,” the San Francisco-based bank wrote in a quarterly filing Thursday. It didn’t elaborate.

https://www.bloomberg.com/news/articles/2024-05-02/wells-fargo-says-us-scrutinizing-zelle-complaints-behind-scenes?stream=top&sref=EcccZSTc