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Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams
Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition Law, according to the legal proceedings filed by Kazerouni Law Group.
The law group filed the suit on behalf of a Seattle resident who claims he was the victim of a scam targeting Wells Fargo Bank customers who use the Zelle app. The victim claims that scammers stole $7,500 from him by mimicking a Wells Fargo customer service agent who then asked him to send them money, according to court documents.