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Zelle payment fraud gets major banks sued by CFPB

Mashable on MSN · 21h

Zelle payment fraud gets major banks sued by the CFPB

The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan Chase, Bank of America, and Wells Fargo, claiming that customers of the banks lost more than $870 million over Zelle's seven-year existence.

PCMag on MSN · 16h

Consumer Finance Watchdog Sues Zelle, Major Banks for Failing to Address Fraud

The US Consumer Financial Protection Bureau (CFPB) says hundreds of thousands of Zelle consumers 'were largely denied assistance' after being scammed.

CBS News on MSN · 1d

Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud

Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.

Crowdfund Insider17h

CFPB Claims Regarding Zelle Losses May Be Exagerated

Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced a lawsuit targeting the big banks that launched ...

LAist on MSN22h

The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells ...

1don MSN

Protect Your Money From Zelle Scams

A lawsuit from the CFPB proves just how popular the peer-to-peer service is with fraudsters, and what makes it especially ...

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