Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
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Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
More than 100,000 people will be compensated for the bank's faulty fraud detection program, which froze customer accounts.
According to police, the suspect robbed a Bank of America on Summit and Beech Avenues in Fontana at about 1:20 p.m. before running out of the bank and across a parking lot into a nearby Wendy's.
Customers took to social media to say they were unable to access their accounts either through the app, at ATMs or in Bank of America branches.
Michelle Avan was a senior vice president with Bank of America, working to recruit women and under-represented employees globally. She was profiled by Essence magazine in 2017.
The injunction forces Bank of America to unfreeze accounts and reopen investigations into stolen unemployment benefits issued on prepaid bank debit cards. The bank was also ordered to improve its customer service.
The California Employment Development Department says it has resolved 95% of its backlogged claims, but said that only Bank of America could resolve the fraud claims.
A class action lawsuit has been filed against Bank of America alleging that it hasn't done enough to protect unemployment accounts from fraud.
Last week, Bank of America estimated that $2 billion had been stolen from California EDD accounts.
Gov. Gavin Newsom's office said it was working with Bank of America and EDD to check on the fraud claims, though it could not immediately confirm the $2 billion figure released by the bank.
Thousands on unemployment are still unable to access their benefits due to an ongoing fraud scheme involving Bank of America
Thousands of Californians who get their EDD benefits are struggling to get answers after BofA froze nearly 350,000 accounts due to suspected fraud.
An hours long standoff in South Gate shutdown tweedy boulevard as police surrounded an armored truck outside this Bank of America.
Police had two suspects in custody following a robbery attempt at a Bank of America in Glendale.
Jugging is a growing crime that targets customers who have just left a bank or ATM with a large amount of cash.
Detectives would only say the man was in his late 30s and was shot once in the chest.
Bank of America says it plans to stop lending money to gunmakers who produce military-style firearms for civilians.
Strangely, the man's money and mobile phone were not taken, police say.
The Bank of America will pay $1.9 million to settle a government lawsuit alleging it took too long to inform customers that their phone calls were being recorded.
Bank of America is reportedly set to fire as many as 8,000 employees within its retail banking division.
Deputies on Friday announced the arrest of a 21-year-old man suspected of robbing a bank in Orange County.
A former armored truck driver faces federal prison time when he is sentenced Tuesday for his role in the theft of more than $1 million in cash that was part of a shipment he was transporting for Bank of America last year.
The object was actually a massage ball and some batteries wrapped in plastic.
Detectives Thursday warned the public of a skimming device that was placed above an ATM keypad in Beverly Hills.
Attorneys for one of the NFL's highest-paid defensive players announced a lawsuit Tuesday alleging Bank of America "aided and abetted" a fraud scheme that cost him $20 million.
Former vice president Kamala Harris spoke about the possibility of a woman being in the White House one day in an interview with the BBC.
Lanes are back open after a gas tanker overturned on the 5 Freeway in Boyle Heights early Saturday morning.
Santa Monica police are looking for the driver who allegedly crashed into a group of people on a sidewalk Friday night, killing two and injuring two more.
President Trump late Friday pushed for several Biden-era Justice Department officials to be prosecuted over an FBI investigation into the fallout of the 2020 election.
A semi-truck hauling several cars caught on fire on the 134 Freeway near Griffith Park.
Santa Monica police are looking for the driver who allegedly crashed into a group of people on a sidewalk Friday night, killing two and injuring two more.
Former vice president Kamala Harris spoke about the possibility of a woman being in the White House one day in an interview with the BBC.
Lanes are back open after a gas tanker overturned on the 5 Freeway in Boyle Heights early Saturday morning.
President Trump late Friday pushed for several Biden-era Justice Department officials to be prosecuted over an FBI investigation into the fallout of the 2020 election.
A semi-truck hauling several cars caught on fire on the 134 Freeway near Griffith Park.
A semi-truck hauling several cars caught on fire on the 134 Freeway near Griffith Park.
The Toronto Blue Jays blew out the Los Angeles Dodgers in an 11-4 victory to take a 1-0 lead in the World Series.
Officers from the Los Angeles Police Department and the California Highway Patrol pursued a DUI driver through the San Fernando Valley and well into Ventura County.
Mayor Karen Bass appointed 30-year LAFD veteran Jaime Moore as the department's new chief.
Immigration agents arrested 58-year-old Emma De Paz during a Home Depot raid in June.
A Santa Ana pastor has been sentenced to 45 years to life in prison for sexually assaulting three young girls.
A small plane made an emergency landing along the shore of Huntington Beach on Thursday night.
A preliminary xx-magnitude earthquake struck near xx and shook all across Southern California.
Officials say that the bat was found on the sidewalk in the 500 block of S. Main Street in Orange on Oct. 16 at around 2 p.m.
Investigators have not yet revealed exactly which homicide the suspect is connected to.
Conner Smith and his son, Charlie, noticed that a new candy shop had left its front door unlocked and stayed behind to make sure no one broke in.
A preliminary xx-magnitude earthquake struck near xx and shook all across Southern California.
California transportation officials said the federal government approved Singh's Employment Authorization Documents, which allowed him to receive a federal REAL ID that confirmed his legal status.
Supervisors will vote on the ordinance again in two weeks, after a review period. If approved, it would bar the sale of kratom derivatives to people under 21 in Riverside County.
The crash caused the closure of all lanes of the westbound I-10 Freeway, as well as the I-10 and I-15 connector road.
The Justice Department is preparing to send election observers to California and New Jersey next month, following requests from their state Republican parties.
Minnesota Vikings quarterback Carson Wentz gave what he had with his left shoulder in a brace and his right arm seemingly out of magic.
The airline said in a statement that it had experienced "an IT outage affecting operations" and issued a temporary ground stop, which has now been lifted.
Among those taken into custody in the betting investigation today are Portland Trail Blazers coach Chauncey Billups, Terry Rozier of the Miami Heat and former NBA player Damon Jones.
Los Angeles Angels outfielder Mike Trout testified in a trial over whether the MLB team should be held responsible for the drug overdose death of pitcher Tyler Skaggs.
Former vice president Kamala Harris spoke about the possibility of a woman being in the White House one day in an interview with the BBC.
President Trump late Friday pushed for several Biden-era Justice Department officials to be prosecuted over an FBI investigation into the fallout of the 2020 election.
The Justice Department is preparing to send election observers to California and New Jersey next month, following requests from their state Republican parties.
In a "CBS Sunday Morning" interview to air Oct. 26, the California governor dismisses the president's proposal to send National Guard troops to San Francisco, and says that he would sue to block any such attempt.
Many Californians think the state sets a national example on tech and culture, but not on tax policy or politics.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
Lawmakers in California are expected to consider a bill that would allow cities to designate so-called "hospitality zones" where bars and restaurants can serve alcohol until 4 a.m.
Supervisors will vote on the ordinance again in two weeks, after a review period. If approved, it would bar the sale of kratom derivatives to people under 21 in Riverside County.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
Gov. Gavin Newsom on Friday signed a series of bills aimed at expanding access to reproductive health care and strengthening privacy protections for patients and providers in California.
LA County Department of Public Health officials said that four cases were reported between late July and August, and that the patients lived in central Los Angeles and the Antelope and San Fernando valleys.
Health officials say that the child developed a condition called subacute sclerosing panencephalitis, which can develop in someone who had a measles infection early in life.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
A charity that accepted donations of vehicles that would pay for breast cancer screenings for low-income patients agreed Thursday to pay a $3.8 million fine and to restrictions on future fundraising activities in 19 U.S. states, including Colorado.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down Feb. 1.
Drivers of electric vehicles across California will soon lose privileges to drive in the carpool lane solo, as the Clean Air Vehicle decal program is set to end next month.
Minnesota Vikings quarterback Carson Wentz gave what he had with his left shoulder in a brace and his right arm seemingly out of magic.
Blake Snell will take the mound for the Dodgers on Friday, and Yoshinobu Yamamoto will follow in Game 2 on Saturday.
Among those taken into custody in the betting investigation today are Portland Trail Blazers coach Chauncey Billups, Terry Rozier of the Miami Heat and former NBA player Damon Jones.
Despite being located in the heart of Dodgers territory, one Los Angeles pastor is pulling hard for a Blue Jays victory in the 2025 World Series.
Walker Kessler had 22 points and nine rebounds, Lauri Markkanen scored 20 and the Utah Jazz beat the Los Angeles Clippers 129-108.
The NFL is not considering dropping Bad Bunny as its Super Bowl halftime headline performer, NFL Commissioner Roger Goodell said.
Limp Bizkit, with roots in Jacksonville, Florida, emerged in the late 1990s with a sound that melds alternative rock, heavy metal and rap.
Britain's Prince Andrew will not use his royal titles any longer, he said in a statement released by Buckingham Palace on Friday.
Frehley was recovering from a "minor fall" that forced him to cancel a scheduled performance in late September, his tour manager had said.
After Taylor Swift was seen wearing a vintage Monterey Bay Aquarium otter t-shirt in a movie promoting her latest album, the aquarium has reissued the shirt to raise funds for its Sea Otter Program, raising more than $1 million.
Parents try their best to keep their kids teeth healthy around Halloween with all the candy. Dentist and founder of SuperMouth Oral Care Dr. Kami Hoss shares some tips.
Saturday Morning Dish features Bread, Espresso &. The restaurant was founded in Tokyo but has recently opened a location in Redondo Beach.
Two people killed after a hit and run driver plows into a crowd on the sidewalk. Our Alys Martinez was live at the scene with the latest details.
CBS LA's Nicole Comstock shows us a Dodgers super fan's backyard setup in Menifee.
Desmond Shaw flies to Balboa Island for tonight's Look At This!
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
