More than 100 Florida homeowners claim Bank of America fraudulently delayed or destroyed their applications to modify the terms of their mortgages to steal their homes and sell them at a profit. (CN) ...
Three Major banks and Zelle rushed to bring a peer-to-peer payment network to market without first ensuring users would be protected against "widespread" fraud, alleges a lawsuit filed on Friday ...
Wells Fargo, Chase and Bank of America were sued by the Consumer Financial Protection Bureau over alleged widespread fraud on ...
The government accused three big banks of failing to protect consumers from fraud on the payment network Zelle.
The company in a later email to CNN contested CFPB’s claim that customers of Chase, Bank of America and Wells Fargo who complained of fraudulent transfers had lost more than $870 million.
The Zelle payment app opened the door for crooks and con artists to steal hundreds of millions of dollars from consumers over several years, and some big banks are to blame for a chaotic rush to ...