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Zelle payment fraud gets major banks sued by CFPB
CFPB sues America's largest banks for 'allowing fraud to fester' on Zelle
The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.
Nation's three-largest banks sued by federal regulators over alleged Zelle-related fraud
Bank of America Corp., JPMorgan Chase & Co., and Wells Fargo & Co. — and the operator of the Zelle payment network are
CFPB sues Zelle operator, major banks over failure to counter fraud
Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.
1h
CFPB sues Walmart, fintech partner for illegally opening accounts
The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark ...
23h
on MSN
Scottsdale-based operator of Zelle, banks sued by federal government
The federal government claims Early Warning Services, the Scottsdale-based operator of Zelle, along with three banks, failed ...
Crowdfund Insider
2d
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 ...
21h
on MSN
Federal lawsuit claims consumers lost $870 million from scams on Zelle
The Consumer Financial Protection Bureau has filed a lawsuit against digital payment network Zelle and three of America's largest banks, alleging ...
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Bank of America
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