Bank Group Warns CFPB Against Upping Zelle Fraud Liability

By Emilie Ruscoe (October 28, 2022, 7:30 PM EDT) — The American Bankers Association has cautioned the Consumer Financial Protection Bureau against making moves that might shift liability for fraud on peer-to-peer networks like Zelle to banks, arguing that such action would only serve to make the services less widely available and embolden scammers….

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