The data indicates that Wells Fargo customers “are reporting fraud and scams on the bank’s Zelle platform at a rate that is nearly 2.5 times higher this year than it was in 2019, and that the rate of reported fraud and scams this year is more than twice as high for Wells customers than it is for customers of other banks,” Ms. Warren wrote.
https://www.nytimes.com/2022/10/13/business/elizabeth-warren-wells-fargo-zelle-fraud.html
Why wouldn’t scammers focus on the bank best known for crooked dealing? No brainer.
That’s because our customer base is old and unsophisticated… easy prey for fraud
@ivh+1jbw8zHa Like the asset cap? GTFOOH - zero credibility with a comment like that.
Liz needs to remain relevant. Just more airtime for her. And, not to mention, more free advertising/publicity for WF.
Yes you are right... But at least it was post 8-Track tapes!
Aren't about 20 banks the owners and creators of Zelle? But Wells is the only one to get called out? Nothing political about that
With Elizabeth Warren, it's ALWAYS theater.
Nothing will come of it.
It might be time for shareholders to know that we are operating on a system that was in place before VCRs 😂.
Yay! Way to go, Liz!!! Dig up the dirt!