Zelle Faces $1 Billion Lawsuit: New York AG Slams Payment Platform Over Fraud
In a major legal battle, New York Attorney General Letitia James has filed a $1 billion lawsuit against Zelle, claiming the electronic payment platform's lax security measures facilitated massive consumer fraud. With accusations of delaying essential safety features, the platform faces demands for stronger anti-fraud protocols and restitution for defrauded users. Zelle, however, dismisses the case as a publicity stunt.
Aug 14