Senators Call on Regulators to Address Zelle Fraud Risks
In recent months, a growing number of senators have called on regulators to take action to address the growing risk of fraud associated with the popular digital payment platform, Zelle. The platform, which is owned by Early Warning Services, LLC, is used by millions of consumers to quickly and easily send money to friends, family, and businesses. However, the platform has been increasingly targeted by scammers who use it to steal money from unsuspecting users.In a letter sent to the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission