Why won’t banks clean up their problems with Zelle fraud? A powerful senator wants to know. The latest from the Watchdog.
Sen. Elizabeth Warren, D-Mass., asks the nation's top bankers to raise their hand if they will return lost money to customers who were victimized by scammers using Zelle. No one raised their hand.The only time I get to channel surf is usually after midnight. Nerd alert. I check three channels: C‑SPAN, C‑SPAN2 and C‑SPAN3. My wife trudges off to bed while I seek a historian who can talk about a nearly forgotten president or a congressional hearing that is actually interesting.
Sen. Elizabeth Warren, D-Mass., on a screen in the background, questions witnesses about Zelle during a Senate Banking Committee hearing, Sept. 22, 2022.. On the panel from left; Wells Fargo CEO/President Charles Scharf; Bank of America Chairman/CEO Brian Thomas Moynihan; JPMorgan Chase Chairman/CEO Jamie Dimon; Citigroup CEO Jane Fraser; Truist Financial Corp. Chairman/CEO William Rogers Jr.; U.S.
Garland ISD librarian Paige Portele got a call that showed her bank’s name, Wells Fargo, on the caller ID. At first, she was convinced she was talking to a bank rep, a common way scammers operate. The caller knew some of her personal information. Portele was suspicious and tried to call the bank for help while the scam was going on. Still, she lost $3,500.spokesperson Allison Vail said, “When Ms.
At the Senate hearing, JPMorgan Chase CEO Jamie Dimon told Warren, “You’re going to get them immediately.”Dimon: I promise you by the end of the day today you’ll get it.Rampant crimeWarren at the hearing: Does anybody here have numbers? … How many customer fraud claims have you received? … It’s not hard. I presume you guys collect this information.Warren: I’m sorry. I need a real number.Zelle has told fraud victims, “Zelle is a great way to exchange money with people you know.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Elizabeth Warren demands details on Texas crypto mining energy consumptionAnd their total carbon dioxide emissions
Read more »
PayPal warned over speech restrictions by powerful financial regulatorA top financial regulator and liberal ally of Sen. Elizabeth Warren said he was considering investigating PayPal for a policy, now retracted, allowing the company to fine users $2,500 for spreading 'misinformation.'
Read more »
Wisconsin Poll: Majority Support Reelecting Sen. Ron JohnsonA majority of likely voters in Wisconsin said they would vote to reelect Republican Sen. Ron Johnson in a poll released on Wednesday.
Read more »
Sen. Brandes: 'Citizens Property Insurance Corp. could see $10 billion in claims' - Jacksonville Business JournalUltimately, Ian made landfall in Lee and Charlotte counties, an area where Citizens has far fewer policies than in the Tampa Bay area.
Read more »