CFPB Sues Major Banks Over Zelle Fraud Response
Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.
LAist10d
Zelle fraud
The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the ...
Android Authority12d
Zelle and America’s biggest banks are being sued for putting your funds at risk
The CFPB has filed a lawsuit against Zelle and three major US banks, alleging that they failed to adequately protect consumers from fraud. The lawsuit claims that these financial institutions ...
Detroit Free Press11d
$870M in Zelle fraud losses spark lawsuit against platform, 3 major banks
From the start, according to the legal complaint, Zelle's marketing and branding "exploited consumers' perceptions of reliability and security." The CFPB said Friday that the defendant banks ...
The Hill11d
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
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 Bureau (CFPB ...
WCVB Channel 5 Boston11d
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 ...
AOL11d
$870M in Zelle fraud losses spark lawsuit against platform, 3 major banks
From the start, according to the legal complaint, Zelle's marketing and branding "exploited consumers' perceptions of reliability and security." Specific charges of failing to prevent fraud The ...
NPR11d
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the ...
Yahoo Finance12d
$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 ...
Charlotte Observer11d
Feds sue Bank of America, Wells Fargo for failing to stop ‘widespread’ Zelle fraud
A federal agency is suing three of the America’s largest banks for not protecting customers from fraud on Zelle. And two of those banks have a major presence in Charlotte — Bank of America and ...
NBC211d
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 ...