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CFPB Sues Major Banks Over $870 Million in Zelle Scams
The Consumer Financial Protection Bureau (CFPB) sued Bank of America, JP Morgan Chase, and Wells Fargo for failing to protect Zelle users from scams, resulting in over $870 million in consumer losses since 2017; the banks failed to implement sufficient identity verification, share information about ...
CFPB Sues Major Banks Over $870 Million in Zelle Scams
The Consumer Financial Protection Bureau (CFPB) sued Bank of America, JP Morgan Chase, and Wells Fargo for failing to protect Zelle users from scams, resulting in over $870 million in consumer losses since 2017; the banks failed to implement sufficient identity verification, share information about ...
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52% Bias Score
Reduced Inequality