New York sues Zelle, says security lapses led to $1 billion consumer fraud losses

4498 shaares

Filters

Links per page

20 50 100

1 result tagged DEST:ODAT

New York sues Zelle, says security lapses led to $1 billion consumer fraud losses

Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers.

RSBI:LITIGATION · TOPIC:WORLD-US-NEW-YORK · RSBI:REGULATORY-OVERSIGHT · BACT · BISV · BIZ · BNK · BNKS · BNKS1 · BSUP · BSVC · CASE1 · CLJ · CMPNY · CMSS · COCRED · COFS · CRIM · FIN · FINREG · FINS · FRAUD1 · GEN · INDS · ISER · JUDIC · MNGISS · POL · PUBL · REGS · SCAM1 · TRNPAY · WASH · AMERS · US · USANY · NAMER · LEGAL · REUTERS-LEGAL · SUSTAINABLE-BUSINESS · DEST:OUSTCM · DEST:OCABSM · DEST:OUSBSM · DEST:OBNK · DEST:OLIT · DEST:OUSTPM · DEST:OCATPM · DEST:OUSESG · PACKAGE:US-TOP-NEWS · DEST:LIT · DEST:OCONP · DEST:ODAT · PACKAGE:US-TOP-NEWS · POTUS · PACKAGE:US-TOP-NEWS · DEST:OUSDNM · PACKAGE:US-TOP-NEWS · TOPNWS · TOPCMB · PACKAGE:US-TOP-NEWS

August 13, 2025 at 9:08:43 PM EDT * · permalink

·

https://www.reuters.com/sustainability/boards-policy-regulation/new-york-sues-zelle-says-security-lapses-led-1-billion-consumer-fraud-losses-2025-08-13/?taid=689d24af302b140001dfdf24