Get Started

Learn more about Credit Cards, Travel Programs, Deals, and more.

New Possible Lawsuit for Zelle’s Fraud Reimbursement Practices

This post may contain affiliate links; please read our advertiser disclosure for more information.

Zelle's Fraud Reimbursement Practices

Possible Lawsuit for Zelle’s Fraud Reimbursement Practices

A San Francisco law firm is investigating the fraud reimbursement practices of major American banks that use the Zelle peer-to-peer payment system. This could be the latest class action lawsuit against the service.

Schubert Jonckheer & Kolbe LLP is investigating the fraud reimbursement practices of major U.S. banks using the Zelle peer-to-peer payment system, including Bank of America, Capital One, JPMorgan Chase, PNC, Truist, U.S. Bank, and Wells Fargo.

Despite Federal laws requiring the reimbursement of unauthorized electronic fund transfers, several major U.S. banks have refused to cover some customers’ fraud claims related to scams taking place on the Zelle payment system.

Zelle launched in 2017 and is owned and operated by the consortium of U.S. banks listed above.

Zelle’s practices practices when it comes to fraud, have led consumers to file multiple class action lawsuits in several U.S. jurisdictions, including Federal courts in California, Washington, and Florida. One industry analyst recently told The New York Times that “organized crime is rampant” and that scams and fraud on peer-to-peer payment systems, including Zelle, are “common and everywhere.”

The law firm says that if you have been a victim of fraud on the Zelle payment system and your bank has refused to reimburse you, please complete the form here for a free legal consultation.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

New Card - Capital One Venture X Business 150K!

Capital One Venture X Business earns 2X miles on everyday purchases plus up to 10X in bonus categories. You also get access to Capital One lounges plus an annual travel credit & anniversary bonus. Right now you earn bonus_miles_full.

Learn more about this card and its features!

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here