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Zelle and major banks face $870 million lawsuit over alleged fraud losses

Home » Science & Technology » Zelle and major banks face $870 million lawsuit over alleged fraud losses

Zelle and major banks face $870 million lawsuit over alleged fraud losses

Laine Stoval 22/12/2024 18:19

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 the platform. The suit alleges that the defendants failed to investigate fraud complaints and provide proper reimbursement to victims.Read Entire Article…

TechSpot
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 the platform. The suit alleges that the defendants failed to investigate fraud complaints and provide proper reimbursement to victims.Read Entire Article…
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