Elizabeth Warren Isn't Quitting the War on Zelle
Plus, the Bitcoin ATMs keep coming.
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Elizabeth Warren Isn’t Quitting the War on Zelle
When we last visited the topic of Zelle, Senator Elizabeth Warren (with allies, but it’s clearly her fight) was at a standoff with the CEOs of America’s largest banks. At issue is one of the world’s largest payment systems, which Warren says has increasingly become the locus for fraud and scams. The banks counter that they refund customers where appropriate, and that the overall number of disputes about Zelle transactions is tiny.
Since that time, Warren’s office has released some startling research, and this week she called on the Consumer Financial Protection Bureau (CFPB) to tighten regulation on Zelle and other payment platforms.