How to Avoid Zelle Scams and What to Do if You Get Burned [CNET News]
PayPal Holdings, Inc. (PYPL)
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Source: CNET News
It's also been rife with fraud ever since the service launched in 2017, and the Consumer Financial Protection Bureau is taking action. On Dec. 20, the CFPB filed a lawsuit against Early Warning Services (the consortium of banks that own Zelle), claiming that it "failed to safeguard the Zelle network from fraud and other defects, which resulted in hundreds of millions of dollars in consumer losses." Zelle scams in recent years have involved everything from phishing attempts on Facebook Marketplace to fake promises of puppies . Scammers count on the instantaneous nature of Zelle payments and the fact that fraudulent payments are often technically authorized by victims. In early 2024, a new change in policy allowed banks to claw money back from criminals in certain cases, but the recent lawsuit from the CPFB indicates the system may not be working Read on to learn how the peer-to-peer payment system Zelle works, how thieves use it to scam consumers, how to protect yourself from Zel
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News
- Paypal (PYPL) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- 2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels [Yahoo! Finance]Yahoo! Finance
- PayPal Holdings, Inc. (NASDAQ: PYPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Did You Make $5,000 or More via PayPal, Venmo or Cash App? Expect a 1099-K Tax Form [CNET News]CNET News
- House Ethics report finds evidence Matt Gaetz paid thousands for sex and drugs including paying a 17-year-old for sex in 2017 [CNN]CNN
PYPL
Earnings
- 10/29/24 - Beat
PYPL
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 4
- 12/2/24 - Form 4
- PYPL's page on the SEC website