'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)
Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...
WCVB Channel 5 Boston13d
Zelle, 3 of nation's largest banks sued by CFPB over alleged failure of fraud protections
SO TODAY, THE NATION’S TOP CONSUMER WATCHDOG SUED THE PAYMENT APP ZELLE AND THREE OF THE NATION’S LARGEST BANKS FOR FAILING TO PROTECT CUSTOMERS FROM FRAUD. THIS IS SOMETHING I’VE TOLD YOU ...
Detroit Free Press13d
$870M in Zelle fraud losses spark lawsuit against platform, 3 major banks
The Zelle payment app opened the door for crooks and con artists to steal hundreds of millions of dollars from consumers over several years, and some big banks are to blame for a chaotic rush to ...
KLFY News 1014d
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
(The Hill) – The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the peer-to-peer payment network. The Consumer Financial Protection ...
ABC712d
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
"Shortly after Zelle's launch, significant problems, including fraud being perpetrated on consumers using Zelle, quickly became apparent. But defendants did not take meaningful action to address ...
NBC213d
Major banks sued for failing to prevent fraud on Zelle
The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment ...