All these frauds against ordinary consumers that @AdvocateAndy uncovers are an outrage; the CFPB was fighting back until the fake government arm known as DOGE shut it down. My unfavorite of all the scams is Zelle cos it is owned by the big banks to insulate them from lawsuits when Zelle breaks the law and denies your fraud claim! The bank regulatory lawyers who set up this facade are laughing at desperate consumers who relied on their bank to protect their money: it lied!
Zelle really takes the cake - quite literally. Banks recommend Zelle so they can avoid accountability - banks win, bank customers lose. Tip number 1: Use a credit union or local/community bank. Tip number 2: Don't send money with Zelle.
All these frauds against ordinary consumers that @AdvocateAndy uncovers are an outrage; the CFPB was fighting back until the fake government arm known as DOGE shut it down. My unfavorite of all the scams is Zelle cos it is owned by the big banks to insulate them from lawsuits when Zelle breaks the law and denies your fraud claim! The bank regulatory lawyers who set up this facade are laughing at desperate consumers who relied on their bank to protect their money: it lied!
Zelle really takes the cake - quite literally. Banks recommend Zelle so they can avoid accountability - banks win, bank customers lose. Tip number 1: Use a credit union or local/community bank. Tip number 2: Don't send money with Zelle.
Don't use Zelle. I've been a consumer advocate for 50+ years; I don't know *any* who trust Zelle!