New York claims Zelle’s shoddy security enabled a billion dollars in scams

The Verge
By Emma RothAug 13, 2025, 1:39 pm195 pts
New York Attorney General Letitia James is suing the banks behind Zelle over claims that their payment platform enabled “massive amounts of fraud” that caused customers to lose more than $1 billion between 2017 and 2023. In the lawsuit, James alleges Zelle was rushed to market, resulting in a design that…

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