Watchdog accuses Zelle, banking giants of failing to protect users against fraud
The Consumer Financial Protection Bureau (CFPB) alleged Friday that Bank of America, JPMorgan Chase and Wells Fargo were slow to crack down on scammers, did not properly investigate complaints of fraud and failed to issue reimbursements to victims, costing consumers more than $870 million since Zelle launched in 2017.
1don MSN
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 ...
Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced a lawsuit targeting the big banks that launched ...
LAist on MSN1d
Zelle fraudThe Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells ...
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