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CFPB sues Chase, BofA, and Wells Fargo for allowing fraud to fester on Zelle (consumerfinance.gov)
46 points by impish9208 12 months ago | hide | past | favorite | 6 comments


... by design. Leaked internal decks showed that one of the main motivators for building Zelle was to shift fraud liability more to consumers and away from the banks.


Do you have a link to this?


Here's the complaint filed in court, in case you're interested: https://files.consumerfinance.gov/f/documents/cfpb_Zelle-Com...



Oops, I must have pasted the wrong thing. Thank you!


Fixed above. Thanks!




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