2024 DOJ Fraud Section year in review | Reuters
January 17, 2025 - On Jan. 17, 2024, the U.S. Department of Justice (DOJ) Criminal Division's Fraud Section released its annual Year in Review for 2024 (2024 Report). Although larger than many U.S ...
Citigroup must face New York lawsuit over fraud scams | Reuters
2 days ago · Citigroup has acknowledged online wire fraud as a "real" problem, but said its systems stop "countless" fraudulent transactions every day. The case is New York v Citibank NA, U.S. District Court ...
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its ...
Jan 16, 2025 · WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of …
Capital One accused of ‘cheating millions of customers’ out ... - CNN
Jan 14, 2025 · Capital One is being sued by the US government’s consumer watchdog agency for “cheating millions of consumers” and not paying more than $2 billion in interest to holders of its high-interest ...
As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up ...
Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark. This marks a 14% increase over reported losses in 2022.
Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud
Dec 20, 2024 · Three Major banks and Zelle rushed to bring a peer-to-peer payment network to market without first ensuring users would be protected against "widespread" fraud, alleges a lawsuit filed on...
Zelle fraud lawsuit: JPMorgan Chase, Bank of America and Wells …
Dec 20, 2024 · The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment...
Justice Department charges nearly 200 people in $2.7 billion …
Jun 27, 2024 · The Justice Department announced a sweeping series of charges Thursday against nearly 200 people accused of participating in health care fraud schemes with false claims topping $2.7 billion.
CFPB sues America's largest banks for 'allowing fraud to ... - NBC News
Dec 20, 2024 · The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.
New York Man Faces New Charges for Financial Fraud Following …
3 days ago · News Room; New York Man Faces New Charges for Financial Fraud Following HSI Buffalo Investigation ... Timothy Siverd, 37, of Webster, was arrested and charged by criminal complaint with wire fraud, access device fraud, and aggravated identity theft, which carry a maximum penalty of 20 years in prison and a $250,00 fine, the U.S. District Court ...