New York sues Zelle, says security lapses led to $1 billion consumer fraud losseshttps://www.reuters.com/sustainability/boards-policy-regulation/new-york-sues-zelle-says-security-lapses-led-1-billion-consumer-fraud-losses-2025-08-13/?taid=689d24af302b140001dfdf24
Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers.