CONSUMER ALERT: Major U.S. Banks Using the Zelle Payment System Under Investigation for Refusing to Cover Fraud Claims

SAN FRANCISCO, July 6, 2022 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating the fraud reimbursement practices of major U.S. banks using the Zelle peer-to-peer payment system, including Bank of America, Capital One, JPMorgan Chase, PNC, Truist, U.S. Bank, and Wells Fargo. 

Despite Federal laws requiring the reimbursement of unauthorized electronic fund transfers, several major U.S. banks have refused to cover some customers' fraud claims related to scams taking place on the Zelle payment system, which is owned and operated by the consortium of banks listed above. These practices have led consumers to file multiple class action lawsuits in several U.S. jurisdictions, including Federal courts in California, Washington, and Florida. One industry analyst recently told The New York Times that "organized crime is rampant" and that scams and fraud on peer-to-peer payment systems, including Zelle, are "common and everywhere."

If you have been a victim of fraud on the Zelle payment system and your bank has refused to reimburse you, please contact us today or visit our website at https://www.classactionlawyers.com/zelle.

About Schubert Jonckheer & Kolbe LLP

Schubert Jonckheer & Kolbe represents shareholders, employees, and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against their officers and directors. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide.

Contact
Noah Schubert
Schubert Jonckheer & Kolbe LLP
[email protected]
Tel: 415-299-8257

SOURCE Schubert Jonckheer & Kolbe LLP

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED