New York Takes Zelle to Court Over Alleged Fraud on the Platform, Claims $1 Billion Lost
Arguably, the entire selling point of Zelle as a platform is that it is owned by big banks that ostensibly are invested in making sure that your money is safe. Turns out security was not the priority that you might imagine, according to New York Attorney General Letitia James. In a lawsuit against the money transfer, the top prosecutor for New York State claims that customers have lost more than $1 billion to fraud on Zelle, which was enabled by a lack of sufficient protections. In the suit, Ja