Bank CEOs Defend P2P Payments Network Zelle in Senate Hearing Over Consumer Fraud Handling

BankingDive | Anna Hrushka | Sep 23, 2022 Sen. Elizabeth Warren, D-MA, called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year. “You have created a perfect weapon for criminals to use and they have used it and you have not stood behind your customers,” she told the

The post Bank CEOs Defend P2P Payments Network Zelle in Senate Hearing Over Consumer Fraud Handling first appeared on National Crowdfunding & Fintech Association of Canada.