Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams. Two major banks ...

and other financial institutions are being probed by the federal government due to the heightened increase of scams present on Zelle, which is owned by seven major banks total, JP Morgan and Bank ...

The probe focuses on JPMorgan ... have been probing the handling of customer disputes via Zelle. The proliferation of fraud and scams on Zelle, which is owned by seven major banks including ...

The proliferation of fraud and scams on Zelle has ... handling of customer disputes via Zelle. Additionally, BofA disclosed that it had engaged with several federal regulators over certain aspects ...

The online-payment platform Zelle is extremely popular with consumers, which helps explain why it's also become a hit with scammers. Another reason: Zelle payments can't be reversed once they're sent.

Zelle operates at such a large scale — $806 billion transferred in 2023 — that even a tiny percentage of scam and fraud problems translates into a large amount of money. (Nikolas Kokovlis ...

Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams. Two major banks ... the ...

Lisa McRee talked to L.A. Times deputy editor Jon Healey about a federal investigation into Zelle scams.

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