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CFPB sues Chase, BofA, and Wells Fargo for allowing fraud to fester on Zelle

• howard941 2y ago
  I suggest https://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-jpmorgan-chase-bank-of-america-and-wells-fargo-for-allowing-fraud-to-fester-on-zelle/ https://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-... instead of the empty link
  • impish9208 2y ago
    Oops, I must have pasted the wrong thing. Thank you!
  • dang 2y ago
    Fixed above. Thanks!
• FireBeyond 2y ago
  ... by design. Leaked internal decks showed that one of the main motivators for building Zelle was to shift fraud liability more to consumers and away from the banks.
  • _gmax0 2y ago
    Do you have a link to this?
• otterley 2y ago
  Here's the complaint filed in court, in case you're interested: https://files.consumerfinance.gov/f/documents/cfpb_Zelle-Complaint_2024-12.pdf https://files.consumerfinance.gov/f/documents/cfpb_Zelle-Com...
• deleted 2y ago
  [deleted]