News

New York Takes Zelle to Court Over Alleged Fraud on the Platform, Claims $1 Billion Lost

New York Attorney General Letitia James says banks have ignored major security problems.

New York sues Zelle, says security lapses led to $1 billion consumer fraud losses

Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform's refusal to ...
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Zelle Accused of Failing to Stop Fraud, Leading to $1B in Consumer Losses

New York's attorney general sues the payment app's parent company after the US Consumer Financial Protection Bureau dropped ...

As Trump Rolls Back Federal Financial Regulation, Blue State Regulators Step Up

O ur patchwork system of U.S. state and federal financial regulators is confusing and, at times, redundant. Yet that ...

5 things to know for August 14: Alaska summit, ICE, Zelle, Infowars, Air Canada

Here’s what else you need to know to get up to speed and on with your day. In a virtual summit with President Trump on ...
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BAC, JPM & COF-Owned Zelle App Faces Lawsuit Over Security Lapse

Bank of America, JPMorgan and Capital One's Zelle faces a New York lawsuit alleging $1B theft from weak fraud safeguards.
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Consumer Alert: Lawsuit claims ‘the Zelle network has been teeming with fraudsters’

According to the New York Attorney General, scammers stole $1 billion from consumers using the Zelle app.The Attorney General ...

AG Tish James: Zelle failed to protect users from $1B in scammer theft

New York Attorney General Letitia James sued Zelle’s parent company Wednesday, contending a lack of safety features enabled ...