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Zelle bank owners questioned on social media scams by US lawmakers

( July 2, 2025, 22:31 GMT | Official Statement) -- MLex Summary: US Senator Elizabeth Warren, Congresswoman Maxine Waters, and Senator Richard Blumenthal requested that the big banks that own Zelle provide answers about what they are doing to track and stop the proliferation of social media scams on peer-to-peer payment platforms. The letter follows JP Morgan Chase’s decision to block Zelle payments originating from social media.Statement follows in full. Also see attached files. ...

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