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Consumer fraud is on the rise. "The FTC recently released data that shows consumers lost $8.8 billion last year to fraud, a 30% increase from the year prior," said Debt.com chairman Howard...
Lawmakers have pushed banks to crack down on Zelle fraud and pay back a greater number of customers when they get tricked into losing money. Banks say they reimburse all unauthorized transactions ...
People can't collect money through Zelle without enrolling their U.S. bank or credit union account into the system. ... don't use a Zelle address sent in a text to pay a bill. If you get a message ...
The Zelle payment system is massive. Back in 2021 alone, about 1.8 billion payments – totaling $490 billion – were sent by consumers and businesses through the Zelle Network, according to ...
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.
If you have been one of the millions of unlucky victims to have been swindled out of money by a con artist using Zelle, you may soon be able to receive financial compensation more easily. However ...
Zelle says it should fall on law enforcement to stop the scammers. Scams on payment apps like Zelle are getting so out of hand that federal authorities are starting to investigate.
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular ...