Zelle customers to get refunds for money lost in impostor scams, report says
CBSN
Banks that participate in Zelle, a peer-to-peer payment service, have begun refunding money to victims of fraud amid pressure from lawmakers.
Since June 30, more than 2,000 financial firms have begun reversing transfers their customers made to scammers who impersonated officials from government agencies, banks or other service providers in so-called impostor scams, Zelle's parent company, Early Warning Services (EWS), told Reuters.
Banks have historically resisted calls to reimburse victims of these types of scams, arguing that federal rules only require them to issue refunds for money taken out of customers' bank accounts by hackers, as opposed to fraudulent payments customers are duped into authorizing, the wire service noted.
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Dollar General has a particularly clear view into the pocketbooks of low-income Americans, given those shoppers are the discount retailer's core customer base. And some are so financially pinched they can no longer afford basic necessities, the chain relayed on Thursday.
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The White House is withdrawing former Florida Rep. Dave Weldon's nomination to be the director of the Centers for Disease Control and Prevention, a White House official confirmed Thursday.
The Federal Trade Commission asked a federal judge on Wednesday to delay a trial in a case accusing Amazon of using deceptive practices in its Prime subscription program, citing staffing and budgetary challenges at the government agency.