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New York sues Zelle, says security lapses led to ’rampant’ consumer fraud

Investing.comWednesday, August 13, 2025 at 3:50:39 PM
NegativeFinancial Marketsfraud
New York sues Zelle, says security lapses led to ’rampant’ consumer fraud
New York has filed a lawsuit against Zelle, claiming that security failures have resulted in widespread consumer fraud on the platform.
Editor’s Note: This lawsuit highlights concerns over digital payment security, affecting consumer trust and potentially leading to regulatory changes.
— Curated by the World Pulse Now AI Editorial System

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