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US consumer watchdog sues big banks over ‘widespread’ fraud on Zelle payment app

Date: July 23, 2025

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against several major U.S. banks, accusing them of failing to address fraudulent activities on the Zelle payment platform. The CFPB claims that these banks did not implement adequate measures to protect consumers from scams and fraudulent transactions, resulting in significant financial losses for many users. Zelle, a popular digital payment service, is jointly owned by several leading banks. The lawsuit alleges that despite being aware of the vulnerabilities, the banks did not take sufficient action to rectify the issues. The CFPB aims to hold these institutions accountable and seeks remedies to prevent future consumer harm....

I scammed my bank

Date: July 23, 2025

The article from Business Insider discusses the growing threat of AI-driven scams targeting bank accounts. Criminals are increasingly using AI voice generators and deepfake technology to impersonate individuals and deceive bank employees or customers into transferring money. These advanced tools can mimic voices with alarming accuracy, making it difficult to detect fraud. The piece highlights several instances where people fell victim to these scams, emphasizing the need for increased awareness and stronger security measures. As AI technology becomes more sophisticated, experts warn that such scams could become more prevalent, urging individuals and financial institutions to stay vigilant and adopt new protective strategies....

5 common types of bank account fraud and how to protect yourself

Date: July 23, 2025

Bank account fraud involves unauthorized activities aimed at accessing or manipulating someone’s bank account. Common types include identity theft, where fraudsters use stolen personal information to open new accounts or access existing ones, and phishing scams that trick individuals into revealing sensitive information through fake communications. Check fraud involves altering or forging checks, while card fraud includes unauthorized transactions using stolen debit or credit card details. To protect against fraud, individuals should regularly monitor their accounts, use strong passwords, and be cautious about sharing personal information. Banks also offer tools like alerts and two-factor authentication to enhance account security....

‘Someone’s Impersonating You’: The Bank Scam That Fooled an NFL Sta

Date: July 23, 2025

Bitdefender outlines a sophisticated vishing impersonation scam where fraudsters pose as a bank’s fraud department, spoof phone numbers, and use personal data to appear legitimate. The scam targets trust and urgency, urging victims to move funds into “safe” accounts controlled by scammers. NFL linebacker Dallas Turner was conned into transferring $240,000 into accounts at real bank branches, believing he was securing his money—only recovering about $2,500 later. The article stresses this scam’s emotional manipulation and recommends hanging up and calling official institutional numbers for validation....