JPMorgan Chase and Wells Fargo Reimburse 4% or Less of All Scams Reported by Customers on Billion-Dollar Payments Network: Report

JPMorgan Chase and Wells Fargo are refusing to reimburse the vast majority of customers who send their money to scammers, according to a new report. New numbers from the US Senate’s Permanent Subcommittee on Investigations show Chase reimbursed 2% of scams reported on the instant payments network Zelle in 2023. That compares to 4% at […] source: https://dailyhodl.com/2024/08/02/jpmorgan-chase-and-wells-fargo-reimburse-4-or-less-of-all-scams-reported-by-customers-on-billion-dollar-payments-network-report/