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Category: Bank of America Corporation

CFPB Drops Lawsuit Against Banks Over Zelle Scams

CFPB Drops Lawsuit Against Banks Over Zelle Scams

Reporter USMarch 5, 2025
The Consumer Financial Protection Bureau on Tuesday dismissed a sweeping lawsuit against three of the nation’s largest banks over what the agency had described as shoddy safeguards on their Zelle money transfer network that allowed scammers to steal hundreds of millions of dollars from customers. The lawsuit, filed in federal court in Arizona in the […]
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Category: Bank of America Corporation

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