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Bank Info Security 1 year, 6 months ago

US CFPB Needs to Look Beyond Zelle to Curb Scams

Ken Palla on Lessons From U.K and Australia to Reduce Fraud and ScamsThe U.S. Consumer Financial Protection Bureau's decision to file a lawsuit against Zelle is too late and too narrow to reduce scams, said Ken Palla, retired director with MUFG Bank. CFPB last month sued the operator of Zelle, as well as three banks for failing to protect consumers from fraud.