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07/22/2022

Federal consumer finance watchdog to tighten bank rules around money-transfer scams, report says

CNBC

The Consumer Financial Protection Bureau plans to tighten rules around fraudulent money transfers via services like Zelle by pushing banks to repay more customers harmed by these alleged scams, according to a report published Tuesday in The Wall Street Journal.

These services facilitate quick and digital payments from person to person.  

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