New York AG’s Lawsuit Against Zelle’s Parent Exposes Gaps Left by Trump-Era Regulatory Rollbacks

The recent lawsuit filed by New York Attorney General Letitia James against Early Warning Services, owner of the popular Zelle payment platform, underscores a troubling reality: when federal oversight was dismantled under the Trump administration, American consumers were left vulnerable to fraud. This action reveals how political interference hampered effective regulation and enabled companies to neglect critical security features that protect everyday users. Who Pays When Washington Abandons Its Duty? Zelle’s rapid rise as a convenient money transfer tool has made it a target for scammers exploiting weak verification safeguards. According to the suit, Early Warning Services failed to implement...