NPR News Now
NPR News: 12-20-2024 6PM EST
Laura Wamsley
In the payment app Zelle's seven years of existence, customers of Bank of America, JPMorgan Chase, and Wells Fargo have lost more than $870 million due to a lack of fraud protections. That's according to the lawsuit from the Consumer Financial Protection Bureau against those three banks, which are also among the co-owners of Zelle's parent company.
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