says she wants answers from Wells Fargo & Co WFC on the Zelle fraud. What Happened: Warren made her comments on Twitter and shared a New York Times article highlighting an “alarming pattern” of Zelle fraud observed by her in data provided by Wells Fargo. Warren tweeted Wells Fargo has a “long history of ripping off customers," adding that she was releasing data showing how Zelle fraud and scams affecting Wells Fargo customers are much bigger than what other big banks had reported. See Also: Best Online Checking AccountsWhy It Matters: Zelle is owned by Early Warning Services, LLC — a consortium of seven banks that includes Wells Fargo. In 2021, Warren had asked for the break up for Wells Fargo.

Source: New York Times October 14, 2022 22:08 UTC