New York sues Zelle, says security lapses led to $1 billion consumer fraud losses
New York Attorney General Letitia James holds a press conference in the Manhattan borough of New York City, U.S., February 16, 2024. REUTERS/David Dee Delgado/File Photo Purchase Licensing Rights, opens new tabSummaryCompaniesJames says Zelle ignored basic anti-fraud safeguardsBofA, Chase, Wells Fargo, other banks own Zelle parentZelle calls James' claims meritless, touts safetyNEW YORK, Aug 13 (Reuters) - Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the elect...
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