FILE - Sen. Elizabeth Warren, D-Mass., on a screen in the background, questions witnesses about Zelle, during a Senate Banking Committee annual Wall Street oversight hearing, Sept. 22, 2022, on Capitol Hill in Washington. On the panel from left, Wells Fargo & Company CEO and President Charles Scharf, Bank of America Chairman and CEO Brian Thomas Moynihan, JPMorgan Chase & Company Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, Truist Financial Corporation Chairman a…
October 3, 2022
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October 3, 2022 10:15 a.m.
Fraud, scam cases increasing on Zelle, Senate report finds
The report also found that the large banks who partly own Zelle have been reluctant to compensate customers who have been victims of fraud or scams.