Zelle Fraud Victims Are in Line to Receive Reimbursements
Posted inBank of America Corporation Banking and Financial Institutions Capital One Financial Corporation Frauds and Swindling JPMorgan Chase & Company Mobile Commerce and Payments Personal Finances PNC Financial Services Group Inc Truist US Bancorp Warren, Elizabeth Wells Fargo & Company

Zelle Fraud Victims Are in Line to Receive Reimbursements

A rule change planned for early next year would shift liability for some losses onto the banks, not their customers.
Elizabeth Warren Singles Out Wells Fargo for ‘Alarming Pattern’ of Zelle Fraud
Posted inBanking and Financial Institutions Consumer Financial Protection Bureau Consumer Protection Frauds and Swindling Mobile Commerce and Payments Regulation and Deregulation of Industry Scharf, Charles W Senate Warren, Elizabeth Wells Fargo & Company

Elizabeth Warren Singles Out Wells Fargo for ‘Alarming Pattern’ of Zelle Fraud

Customers’ claims have risen sharply in recent years and exceed the rate reported by other large banks, the senator said in a letter to the bank’s leader.