Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal ...
Digital Transactions1d
Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention
The CFPB is also ordering Block to fix Cash App’s customer service and its processes for investigating disputed transactions, ...
Morningstar28d
More than $125 million is stolen every year on Zelle. The feds say little is done to stop it.
A lawsuit filed by the CFPB says Zelle and the big banks that own it left the platform vulnerable to fraud in an effort to rush it to market to compete with Venmo and Cash App More than $481 ...
LA Times on MSN25d
Wells Fargo, Chase, Bank of America sued over alleged unchecked fraud on Zelle app
Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...
Lawyer Monthly11d
Unexpected Cash Advance Fees on Venmo and Zelle: Join the Lawsuit
If you’ve been charged unexpected cash advance fees on Venmo or Zelle, you may qualify for a class action lawsuit. Learn more now.
Law28d
CFPB Takes on BoA, Wells Fargo and JPMorgan Chase Over Zelle Fraud
The U.S. Consumer Financial Protection Bureau sued three of the nation’s largest banks over fraud on Zelle, saying they exploited users’ expectations of security to get them to sign up for the ...
AZ Central25d
Scottsdale-based operator of Zelle, banks sued by federal government
like Venmo and Cash App, without implementing effective safeguards. “The nation’s largest banks felt threatened by competing payment apps, so they rushed to put out Zelle,” CFPB Director ...