For Whom the Zelle Tolls: Trump Drops Lawsuit Against the Wildly Popular Money Transfer Network
One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle, the popular money transfer network. The Consumer Finance Protection Bureau argued that, despite Zelle’s service being free, the network’s users were being ripped off.
One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle ...
The abundance of payment scams that start on social media sites has led Chase to take bold moves to help customers evade ...
The U.S. Consumer Financial Protection Bureau (“CFPB”) dismissed a sweeping lawsuit against JPMorgan JPM, Bank of America Corp. BAC and Wells Fargo & Co. WFC for failing to pr ...
But Zelle is not an antifraud police force. The entire concept of the service is that you pay nothing for the money transfer, ...
If the government wins this fight with Zelle, the users will pay more. That hardly sounds like a way to "protect" consumers.
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