A new lawsuit alleges that Zelle's parent company allowed safety precautions to fall by the wayside, leaving users vulnerable to fraud.
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NY attorney general sues Zelle parent company, alleging the payment service enabled widespread fraud
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.”
