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Zelle payment fraud gets major banks sued by CFPB

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

PCMag on MSN · 21h

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.

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 Insider22h

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 MSN1d

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

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