Blumenthal Delivers Opening Statement at Hearing on Failure of Zelle and Big Banks to Address Scams and Fraud
May 21, 2024
May 21, 2024
WASHINGTON, May 21 -- Sen. Richard Blumenthal, D-Connecticut, issued the following news release:
Today, U.S. Senator Richard Blumenthal, Chair of the Permanent Subcommittee on Investigations (PSI), delivered opening remarks at a hearing titled "Fraud Alert!: Shedding Light on Zelle." The hearing--featuring testimony from two individuals who were victimized by scammers on the peer-to-peer payment (P2P) platform--examined the human toll of schemes on P2P money transfer servi . . .
Today, U.S. Senator Richard Blumenthal, Chair of the Permanent Subcommittee on Investigations (PSI), delivered opening remarks at a hearing titled "Fraud Alert!: Shedding Light on Zelle." The hearing--featuring testimony from two individuals who were victimized by scammers on the peer-to-peer payment (P2P) platform--examined the human toll of schemes on P2P money transfer servi . . .