Loading...
A Fast and Easy Way to Lose Money: Insufficient Customer Protection on the Zelle Network
Senate Committee on Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations
Senate Committee on Homeland Security and Governmental Affairs
Permanent Subcommittee on Investigations
Abstract
The Senate Committee on Homeland Security and Governmental Affairs, Permanent Subcommittee on Investigations issued a Majority Staff Report on insufficient consumer protections and reimbursement policies for fraud and scams on the Zelle Network, alleging that major banks reimburse only a fraction of disputed transactions. The report contains recommendations.
Date
2024-07-23
Document Type
Senate Majority Staff Report
Serial Number
Document Length
62 pages
Congress
118
Files
Relation
DOI
Keywords
Staff Reports, Senate, Democratic
PAP Major Code
15: Banking, Finance, and Domestic Commerce
PAP Minor Code
1501: U.S. Banking System and Financial Institution Regulation
Related Hearings
• Senate Committee on Homeland Security and Governmental Affairs, Subcommittee on Investigations, hearing on “Fraud Alert!: Shedding Light on Zelle,” 118th Cong., (2024, May 21)