CFPB sues Zelle operator and 3 banks, alleging poor fraud safeguards
The popular peer-to-peer payment platform, Zelle and three of the nation’s largest banks have been sued by the federal ...
CFPB Sues Major Banks Over Zelle Fraud Response
Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.
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Federal regulator sues BofA, JPMorgan, Wells Fargo over Zelle payment network fraud
A federal agency is suing JPMorgan Chase Bank N.A., Wells Fargo Bank N.A. and Bank of America N.A., accusing the banks of failing to protect consumers from fraud on the widely available peer-to-peer ...
Money & the Law: Perhaps Early Warning Services should come with a warning
Congress created the Consumer Financial Protection Bureau in 2010 in the aftermath of the Great Recession. It is a large ...
'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)
Last week, the Consumer Financial Protection Bureau sued 3 of the nation's largest banks and the operator of Zelle for ...
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The CFPB Wants You To Pay For Mistakes of Others
This is evidenced by their recent lawsuit against the fintech payment service Zelle. The CFPB is suing Zelle arguing that it should be forced to reimburse anyone who unwittingly transfers their ...
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Know Your Customer? Don’t be so sure, says iProov
A number of firms are supporting stronger financial fraud prevention through networks in the age of deepfakes and generative ...
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Walmart Spark Drivers Paid $10 Million in ‘Junk Fees' to Access Payments, US Lawsuit Says
The CFPB sued Walmart and workforce payments provider Branch Messenger for illegally opening deposit accounts for more than 1 ...