News stories tagged Senate

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Senator’s Report Finds Fraud On Zelle is Surging & Banks are Refusing to Refund Customers; Bank Group Responds

October 4, 2022 — A new report released by Sen. Elizabeth Warren (D-MA) has found reports of scams and fraud on the bank-owned P2P payment network Zelle are surging, but...

Senator Presses Treasury Secretary on Collection, Sale of Financial Data

Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) has written to Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council (FSOC), to express concern with the...