Bank of America (BofA) is reportedly refusing to cover the losses of a college student who lost her life savings to scammers.

A college student’s life savings was wiped away after one phone call. After a scammer stole all his daughter’s money, a ...

What type of fraud protection does Bank of America offer? Bank of America will not hold you liable for unauthorized transfers or bill payments made via online or mobile Banking if you report them ...

or by speaking directly with a representative from our Fraud Detection Department.” Despite Chan’s persistence and the clearly fraudulent nature of the theft, Bank of America only agreed to ...

Bank of America, JPMorgan Chase and Wells Fargo ignored customer complaints related to Zelle, with users losing hundreds of millions of dollars in scams, the regulatory agency alleges. Zelle is ...

A Bank of America spokesperson highlighted the importance ... found customers had disputed over $372 million in scams and fraud in 2023 — with nearly three-quarters of the claimed losses never ...

The Consumer Financial Protection Bureau (CFPB) sued Bank of America, Wells Fargo and JPMorgan Chase on Friday for allegedly failing to protect consumers from fraud on the popular peer-to-peer ...

The financial regulators Friday sued Bank of America, JPMorgan Chase and Wells Fargo saying they failed to protect consumers from widespread fraud on the popular peer-to-peer payment network.

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on Zelle ...

“Defendants’ failures resulted in millions of complaints about Zelle fraud at (JP Morgan Chase, Bank of America and Wells Fargo) alone, including complaints of over $290 million in fraud ...