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New York claims Zelle’s shoddy security enabled a billion dollars in scams

New York claims Zelle’s shoddy security enabled a billion dollars in scams
business8/13/2025

New York Attorney General Letitia James is suing the banks behind Zelle over claims that they failed to adopt safeguards against fraud, leading to scammers stealing more than $1 billion from consumers.

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. New York Attor... [2339 chars]