CFPB sues Zelle operator and major banks for “widespread fraud” on payment network
The lawsuit comes as the CFPB advances its agenda before its anticipated overhaul by the Trump administration.
Zelle Network
P2P Is Gaining Steam, but Security Concerns Remain
Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills—but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet. It also found that that while only 35 percent of U.S. consumers use such P2P products as Venmo, PayPal and Square Cash, 63 percent are interested in the payment technology.
