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Reimbursements Consumer Financial Products

Ballard Spahr LLP

Democratic Senators continue to pressure Zelle and other payment apps to change fraud policies

Ballard Spahr LLP on

On February 15, 2024, Senators Sherrod Brown (D-OH), Jack Reed (D-RI) and Elizabeth Warren (D-MA) sent a letter to Zelle seeking clarification of its reimbursement policy for victims of imposter scams and urging Zelle to...more

Cozen O'Connor

CFPB Launches Inquiry into Employer-Driven Debt

Cozen O'Connor on

On June 9, the CFPB launched an inquiry into practices and financial products that may result in employees being in debt to their employers. The agency is seeking data and worker experiences with these practices and products,...more

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