Wells Fargo Fined $3.7 Billion For Mishandling Millions of Customer Accounts
Wells Fargo has agreed to pay $3.7 billion for mistreating customers, the Consumer Financial Protection Bureau said today.
consumer fraud
Can Zelle Fraud Be Halted by a Tech Fix? Some Say Yes.
The big banks that own the Zelle payment system are working on a risk-sharing program to reimburse the growing number of fraud victims. But several companies report that a biometric guard against fraud already exists.
Big Banks Blink on Zelle Scams: Maybe Elizabeth Warren Was Right After All
A news report indicates that major US banks, such as Wells Fargo and Bank of America, are working on a plan to refund Zelle customers who say they have been scammed.
