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BAC, JPM & COF-Owned Zelle App Faces Lawsuit Over Security Lapse
美国银行美国银行(US:BAC) ZACKS·2025-08-15 23:15

Key Takeaways New York AG sued Zelle for allegedly failing to prevent over 1Binconsumerfraud.Zelle′sowners,includingBankofAmericaandJPMorgan,wereawareofriskssince2017.Zellesays99.951B in consumer fraud.Zelle's owners, including Bank of America and JPMorgan, were aware of risks since 2017.Zelle says 99.95% of transactions are fraud-free and calls the lawsuit a political stunt.On Wednesday, the New York Attorney General, Letitia James, filed a lawsuit against Zelle, alleging that the payment platform failed to implement crucial safety measures, allowing fraudsters to steal over 1 billion from consumers.Zelle Ap ...