Despite years of declining to repay scam victims, Zelle eventually caves in
Legislators were disgusted to learn in the fall of 2022 that “the vast majority” of fooled Zelle consumers never received their money back, following years of criminals using this tactic to steal hundreds of millions of dollars from Zelle users by tricking individuals into authorizing fraudulent transfers. Regulators perceived Zelle as giving up its duty to monitor … Read more