New York’s attorney general has sued the parent company of the Zelle payment platform, months after the federal Consumer Financial Protection Bureau abandoned a similar case under the Trump administration.

New York Attorney General Letitia James on Wednesday sued Early Warning Services (EWS), which operates Zelle, alleging the electronic money-transfer service fails to protect its users from “massive amounts of fraud.

New York Attorney General Letitia James says the company, co-owned by major U.S. banks, failed to protect users. The company calls the suit "a political stunt."

New York Attorney General Letitia James sued the parent company of payments network Zelle, alleging it enabled fraud.

New York Attorney General Letitia James is suing Zelle, over security gaps. The lawsuit claims these flaws let scammers steal from consumers.

An investigation by the attorney general's office revealed that Zelle lacks safety features that would have protected users from scammers, who have stolen over $1 billion between 2017 and 2023.

New York’s attorney general is picking up an effort dropped by the Trump administration’s Consumer Financial Protection Bureau, accusing a bank-owned financial-technology company of allowing fraud to run rampant on the Zelle peer-to-peer payments network.

A new lawsuit against Zelle's operators by state AG Letitia James aims to recover funds New Yorkers allegedly lost to scammers via the payment app

New York Attorney General Letitia James sued Zelle’s parent company Wednesday, contending a lack of safety features enabled scammers to bilk $1 billion from unsuspecting consumers via the