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Stockreport

How to Avoid Zelle Scams and What to Do if You Get Burned [CNET News]

PayPal Holdings, Inc. (PYPL)  More Company Research Source: CNET News
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
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 [Read more]
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Stockreport

How to Avoid Zelle Scams and What to Do if You Get Burned [CNET News]

PayPal Holdings, Inc.  (PYPL) 
More Company Research Source: CNET News
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
PYPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS