New York sues Zelle, says security lapses led to $1 billion consumer fraud losses

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New York sues Zelle, says security lapses led to $1 billion consumer fraud losses

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.

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August 13, 2025 at 9:08:43 PM EDT * · permalink

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https://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