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Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

August 7, 2024 /

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The proliferation of fraud and scams on Zelle, which is owned by seven major banks including JPMorgan and Bank of America, has drawn attention from U.S. lawmakers including Democratic Senator Elizabeth Warren and regulators concerned about consumer protection.

Jaiveer Singh Shekhawat
Reuters


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