Chase Customers: Here's What You Should Know About Its New Zelle Policy [CNET News]
PayPal Holdings, Inc. (PYPL)
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Source: CNET News
It's the bank's attempt to protect customers from scams that have resulted in massive losses to date. Fortunately, Chase offers plenty of other ways to send and receive money digitally. Here's what you need to know. Why Chase will be blocking Zelle social media charges Zelle and other digital payment apps , such as Venmo and Cash App, make it easy for scammers to get your money, and many scammers target people on social media. According to Chase , nearly 50% of fraud reports it received from June 1, 2024, to Dec. 31, 2024, came from social media. A December 2024 lawsuit by the Consumer Financial Protection Bureau alleged that customers at JPMorgan Chase, Bank of America and Wells Fargo lost more than $870 million through Zelle payments since the app launched in 2017. While the CFPB recently dropped the suit , it still raised alarms that customers are at risk using the digital payment app. And because Zelle offers no purchase protection, once you've sent your money on the app,
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News
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PYPL
Earnings
- 10/28/25 - Beat
PYPL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/1/25 - Form 4
- PYPL's page on the SEC website