In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the payment provider, according to a statement on Friday.
CFPB, the government's consumer financial watchdog agency, alleges customers of the top three banks lost more than $870 million over the seven years that Zelle has been in existence due to the banks' failures to protect them.
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The Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo "for failing to protect consumers from widespread fraud" at the payment provider, according to a statement on Friday.
CFPB, the government's consumer financial watchdog agency, alleges customers of the top three banks lost more than $870 million over the seven years that Zelle has been in existence due to the banks' failures to protect them.
β€οΈFollowβ€οΈ: @america #americanews
ββββββββββββ
π Crypto News @Money
π Crypto Game @Egame
πΊπΈ US News @America
π―π΅ Japan News @Japan
π¦πͺ UAE News @Dubai
βΆοΈ Popular Movies @Videos
π Best Funny Video @Funnys