Tag: Fraud liability

Are banks doing enough to protect Zelle users from fraud?

In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to exploit this trust. Experts suggest that Early Warning, which operates Zelle, needs to sharpen its…
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February 22, 2018 0

Cordray urges CEOs to give consumers more control over payments, cards

Richard Cordray is not going out meekly. A week before he is due to resign, the director of the Consumer Financial Protection Bureau sent a letter to 29 chief executives at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.…
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November 21, 2017 0