Zelle

Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
July 22, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment...

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Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Security & Fraud

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

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CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

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P2P Payments Fraud Suggests Liability Gray Area
P2P Payments Fraud Suggests Liability Gray Area
July 12, 2022  |  Banking

Peer-to-peer (P2P) transactions between bank accounts are gaining in popularity, evidenced by the triple-digit percentage gains in Zelle and Venmo volumes, due in part to...

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Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks to Conduct Customer Due Diligence, Avoid De-risking Practices 
Weekly TechREG US: Federal Agencies Respond to Biden’s Crypto Executive Order; Bank Regulators Urged Banks...
July 08, 2022  |  Regulation

This week, the U.S. Treasury proposed to the White House a plan to strengthen international cooperation on crypto regulation to make sure that the country...

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Today in FinTech: Voyager Goes Bankrupt; Revolut Teams With Stripe; New Probe Into Zelle
Today in FinTech: Voyager Goes Bankrupt; Revolut Teams With Stripe; New Probe Into Zelle
July 06, 2022  |  Technology

In today’s FinTech news, Voyager has filed for Chapter 11 bankruptcy, adding to the mounting turmoil in the overall cryptocurrency ecosystem. Meanwhile, Revolut and Stripe...

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Today in TechREG: Amazon Faces a New UK Antitrust Investigation; Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules 
Today in TechREG: Amazon Faces a New UK Antitrust Investigation; Department of Commerce Urged to...
July 06, 2022  |  Regulation

Today, the U.K. Competition Markets Authority launched an investigation against Amazon for allegedly giving its own sellers an unfair advantage in its marketplace over third...

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Law Firm Probes Zelle’s Unauthorized Fraud Reimbursement Position
Law Firm Probes Zelle’s Unauthorized Fraud Reimbursement Position
July 06, 2022  |  Security & Fraud

A San Francisco law firm says it is investigating the fraud reimbursement practices of a number of major American banks that use the Zelle peer-to-peer...

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Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo, Zelle Dodged Fraud Lawsuit
Today in TechREG: EU Lawmakers Look to Pass Online Platform Bills Next Week; Wells Fargo,...
June 29, 2022  |  Regulation

Today in TechREG, allegations of fraud and scams against Walmart, Wells Fargo and Zelle followed very different paths. Whereas the lawsuit against the banking giant...

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