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The Latest Breaking News from Zelle

NY vs Zelle: State sues payment app and accuses it of being a scam haven that bilked $1B from users

An investigation found that between 2017 and 2023, scammers were able to steal over $1 billion from Zelle users.

The Independent UK

NY attorney general sues Zelle's parent company after Trump administration drops similar case

New York’s attorney general has sued the parent company of the Zelle payment platform, months after the federal Consumer Financial Protection Bureau abandoned a similar case under the Trump administration

The Independent UK

9 Bill-Payment Services That Delay Transfers Without Explanation

Paying bills online should be simple. You expect your money to move fast and land where it’s supposed to. But sometimes, bill-payment services hold up your transfer with no warning or reason. This can leave you stressed, scrambling to avoid late fees, or even facing service shutoffs. If you’ve ever…

The Free Financial Advisor

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10 “Secure” Payment Apps That Have Been Hacked This Year

In an increasingly digital world, payment apps have become the go-to method for everything from splitting dinner bills to running entire businesses. These apps promise high-end encryption, multi-factor authentication, and ironclad security—but the truth behind the headlines tells a different story.

Everybody Loves Your Money

10 Digital Wallets That Collect Your Biometric Data

In an increasingly cashless world, digital wallets are quickly replacing traditional payment methods. Tapping a phone or scanning a face is now faster than swiping a credit card, and consumers have embraced the convenience. But while digital wallets promise speed and security, they also raise concerns—especially when it comes to…

Everybody Loves Your Money

Capital One, Walmart: A look at some of the consumer cases dropped by the CFPB under Trump

In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties doled out against companies during the Biden administration

The Independent UK

A Financial Checklist for Your College-Bound Kids

Is your child heading off to college this fall? If so, make sure they're prepared and protected in these four key areas.

Kiplinger

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Cuban rapper arrested in Florida after kidnapping fan who asked for photo, cops say

Yosvanis Sierra-Hernandez, Chocolate MC's real name, allegedly asked the victim to send him money over Zelle when they said they did not have cash

The Independent UK

Zelle is suffering through an outage – live updates as the platform to send money between friends isn't working

If you're having trouble sending money through your bank, you're not alone

TechRadar

Zelle was down for some — live updates on outage

Tom’s Guide

Zelle App Shut Down? Why Zelle Has Discontinued Its App

With the Zelle app shut down, learn how you can still use Zelle and which other mobile payment apps you might want to consider.

Kiplinger

CFPB drops Zelle fraud lawsuit

The lawsuit, filed under the Biden administration, alleged the banks failed to investigate cases of fraud

Salon

In a win for Silicon Valley, Senate votes to overturn key payments regulation that could benefit Elon Musk’s X

The rule was enacted under the Biden administration’s Consumer Financial Protection Bureau last November.

Fortune

Trump's Halt On CFPB Raises Big Concerns: Will Key Consumer Protections Survive?

Founded in 2011 after the 2008 financial crisis, the CFPB is tasked with regulating consumer finance, including overseeing credit card companies, mortgage lenders, and debt collectors.

International Business Times

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news in one place.

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Fortune

Wells Fargo CEO says Trump administration ‘gives us optimism’ for 2025: ‘We succeed when the country succeeds’

The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

International Business Times

JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle

Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for fraudsters."

Salon

Big banks sued for alleged Zelle fraud

The federal government says the banks failed to investigate cases and reimburse consumers

Fortune

JPMorgan Chase, Bank of America, Wells Fargo and Zelle sued by regulator that claims the banks lost $870 million

The controversial regulator alleges the banks failed to prevent fraud on Zelle, a payment platform they co-own.

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news in one place.

100's of premium titles.
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Fortune

More Americans than ever have bank accounts—FDIC boss credits this key technology

A simple banking innovation solves nearly every problem unbanked users say keeps them from getting an account.

Fortune

Election warning: Zelle CEO says elderly users face high risk of political donation scams

With reports of elderly victims of political scammers on the rise, the payment giant that transacted $481 billion in the first half of 2024 says families need to get involved.

Tom’s Guide

Massive Bank of America outage — live updates on $0 account balances

Bank of America customers across the U.S. are experiencing issues when checking their balances on both the company’s app and website.

The Independent UK

Mystery group paid influencers tens of thousands to push sexual smears about Kamala Harris

Ex-congressman George Santos told The Independent he was invited to join call but objected to making such slurs about Harris

Kiplinger

Kiplinger Readers' Choice Awards 2024: Peer-to-Peer Payment Services

The winners of the Kiplinger Readers’ Choice Awards' best peer-to-peer payment services category. Our awards celebrate the very best products and services in personal finance.

Chicago Sun-Times

‘Bank jackings’ in Chicago see robbers drain victims’ accounts with their phone apps

They grab cellphones and demand pass codes to banking apps like Zelle and Venmo. A Chicago architect who lost more than $2,000 that way says: “Don’t have any banking apps on your phone.”

Fortune

CIBC Agility Digital Banking Review 2023: High-yield savings and CDs for online banking customers

All you need is a $1,000 deposit to take advantage of CIBC’s great rates.

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