NY sues over $1B in scams
Zelle fraud is back in the spotlight as New York’s Attorney General sues the bank-owned payment app’s operator, accusing it of enabling rampant scams that cost victims over $1 billion. The lawsuit claims Zelle lacked basic safeguards—leaving consumers defenseless and banks unaccountable. NY Attorney General targets Zelle for widespread scams Attorney General Letitia James filed