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Zelle, Bank of America

Zelle and major banks face $870 million lawsuit over alleged fraud losses

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against the peer-to-peer payment network Zelle and three US banks that conduct or facilitate transactions on

CBS News on MSN · 2d

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.

The Verge on MSN · 2d

Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Zelle and three banks that own it — Wells Fargo, Bank of America, and JPMorgan Chase — claiming they failed “to protect consumers from widespread fraud.

1don MSN

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 ...

Crowdfund Insider1d

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 ...

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