News; Business; Zelle scams prompt federal probe into whether banks are doing enough to protect customers Aug. 8, 2024 Updated Thu., Aug. 8, 2024 at 5:12 p.m. The federal regulator overseeing ...

LA Times Today: Zelle scams prompt federal probe into whether banks are doing enough to protect customers Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the ...

Zelle and the banks that own the popular payments platform are facing new scrutiny over scams on the trillion-dollar network.

According to CBS, the banks rejected a combined $560 million in scam disputes from 2021 to 2023. Cameron Fowler is the CEO of Early Warning Services, the company that owns Zelle.

Lawmakers say reimbursements for Zelle users who disputed payments have decreased, and this week called for an investigation. Zelle says it's up to the police to stop scams Skip to main content ...

Zelle usage has grown significantly since its launch, from 247 million transactions in 2017 to 1.8 billion in 2021, while the proportion of fraud and scams has steadily decreased.” ...

Zelle, the popular payment app, is under fire for how it handles (or rather, doesn’t handle) fraud and scams that have exploded on the platform in recent years. CNN values your feedback 1.

A government agency is investigating after a series of scams on payment apps like Zelle. NurPhoto/Getty Images 2024-08-10T19:48:25Z ...