Richard Christopher Whalen@rcwhalen

2 years ago

Regulators are investigating biggest U.S. banks for handling of Zelle fraud https://t.co/PCUmWCL5cs via @WSJ | Timely report. This mess with @Zelle has been festering awhile.... @amacker

Andrew Ackerman@amacker

2 years ago

Big banks under pressure from the CFPB over how they resolve customer payment disputes on Zelle. Very broad investigation. Seems to go beyond Reg E obligations. One open question: what are they doing to flag and shutdown accounts controlled by scammers. https://t.co/tsXxw0RSLC

alexander saeedy@ajsaeedy

2 years ago

Scoop: Big banks are under investigation for their response to scams and fraud on Zelle. Regulators are probing if banks do enough to stop bad actors who facilitate Zelle scams, which have proliferated in recent years. https://t.co/7VqSqkTgue w/@AAndriotis @amacker