After relaying the incident to the ... it’s a very sophisticated scam.” “This is what you need to watch out for: They can make their number look like Bank of America,” Denman explained.

The fraud was traced back to a security ... After reporting the incident, Chan said he believed Bank of America failed to respond appropriately. The bank initially claimed the transactions ...

Banks are now sending fraud warnings to Zelle users -- but it may not be enough. Crooks are always one step ahead of the banks. Imposters know Bank of America is sending out warnings when it ...

Bank of America is one of the largest banks in the U.S., with total assets exceeding $3.15 trillion. It offers a large variety of personal banking services for checking, savings and investing ...

A federal agency is suing three of the America’s largest banks for not protecting customers from fraud ... bank said more than 99.5% of transactions across the Zelle network happened without ...

Wells Fargo, JP Morgan Chase and Bank of America are being sued by the embattled Consumer Financial Protection Bureau over alleged unchecked fraud on the Zelle payment app — setting up a legal ...

For its part, Bank of America asserted that incidents of fraud are rare and that 23 million ... across the Zelle network go through without incident. When a client has an issue, we work directly ...