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BofA Hit With Class Action Over Zelle, Venmo Fraud Losses

By Sarah Jarvis ( May 31, 2022, 5:18 PM EDT) -- Bank of America NA has been hit with a proposed class action alleging it doesn't tell account holders that there is "virtually no recourse" to recoup losses if fraud occurs through peer-to-peer payment platforms like Zelle and Venmo....

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