JPMorgan Chase, Wells Fargo and Bank of America Refuse To Define ‘Unauthorized Transaction’ As Customers Lose $320,000,000,000 To Scams on Zelle: Report

JPMorgan Chase, Bank of America and Wells Fargo are among six US banks that have not defined what an unauthorized transaction is, despite the term’s critical role in determining whether fraud victims will be reimbursed, according to a new report. The three big banks, along with Capital One, U.S. Bank and Truist, have released no […] source: https://dailyhodl.com/2024/10/26/jpmorgan-chase-wells-fargo-and-bank-of-america-wont-define-unauthorized-transaction-after-refusing-to-reimburse-320000000000-to-scammed-customers-on-zelle-report/