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Posts tagged as “JPMorgan Chase”

Financial Firms on Zelle Reverse Transfers to Address Consumer Protection Concerns Raised by U.S. Lawmakers and Federal Consumer Watchdog.

Key takeaways: Financial firms on Zelle have begun reversing transfers their customers made to scammers. The reversal of transfers is being handled by Early Warning Services (EWS). The policy change is a response to consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog. Financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase…