Im sure Clark will be talking about this soon. I’m surprised it took this long…
I use Zelle regularly, and I don’t see the issue really. If you don’t know who you are paying, then don’t pay them. It’s like cash - if you throw cash out onto the sidewalk carelessly in downtown NYC or Chicago, don’t expect to get it back.
“That said, Seiberg noted, banks may have a strong defense “as much of the fight is over authorized transactions that prove fraudulent. It is hard for us to see a court demanding banks stop transactions that consumers want to make.””
I hope this gets thrown out. Zelle is like cash. If you get ripped off Zelle isn’t getting your money back for you.
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