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.
The LA County Sheriff's Department sent a SWAT team to Palmdale after a pursuit suspect refused to exit his truck.
Mayor Karen Bass urged the Los Angeles City Council to allocate $4.4 million for the LAPD to hire 410 more officers.
The leader of an Inland Empire religious group connected to two missing men has been arrested for murder, according to jail records.
The New York Islanders beat the Anaheim Ducks 5-2 on Thursday night.
LAPD officers conducted an operation targeting drivers who fail to stop for jaywalking pedestrians.
The LA County Sheriff's Department sent a SWAT team to Palmdale after a pursuit suspect refused to exit his truck.
Mayor Karen Bass urged the Los Angeles City Council to allocate $4.4 million for the LAPD to hire 410 more officers.
The leader of an Inland Empire religious group connected to two missing men has been arrested for murder, according to jail records.
LAPD officers conducted an operation targeting drivers who fail to stop for jaywalking pedestrians.
Homeland Security said agents arrested Benjamin Guerrero-Cruz, 18, on Aug. 8 after he overstayed his visa.
The LA County Sheriff's Department sent a SWAT team to Palmdale after a pursuit suspect refused to exit his truck.
Mayor Karen Bass urged the Los Angeles City Council to allocate $4.4 million for the LAPD to hire 410 more officers.
LAPD officers conducted an operation targeting drivers who fail to stop for jaywalking pedestrians.
Homeland Security said agents arrested Benjamin Guerrero-Cruz, 18, on Aug. 8 after he overstayed his visa.
Five people have been charged with being unlicensed contractors under the California Business Professions Code, 7028.16.
The Santa Ana Police Department arrested a 35-year-old man for allegedly stabbing a person to death in a local drive-thru.
Harbor patrol officers said the owner was new and accidentally accelerated into another boat.
Police said that the victims were members of a high school running team.
Authorities have arrested the seventh and final suspect who was wanted for an armed robbery in Orange County in which residents were duct taped and held at gunpoint during an attempted theft of millions worth in cryptocurrency in September
Orange County residents packed into a Monday night meeting to learn more about the plan to reopen California's coast for new oil drilling.
The leader of an Inland Empire religious group connected to two missing men has been arrested for murder, according to jail records.
Wild dashcam video footage shows the dramatic moments that a pickup truck launches off an overpass in Rialto before going airborne and crashing onto the 210 Freeway below on Friday night.
Authorities say that the 54-year-old man "heroically kept his son afloat" after their kayak capsized on Lake Perris on Saturday afternoon.
The crash happened at around 12:30 a.m. near Lindenberger Road and Scott Road, according to the Menifee Police Department. Officers arrived at the scene and found a Mercedes-Benz electric vehicle that was fully involved in flames.
The two-decade investigation began on March 21, 2004, when 18-year-old Hemet man Reynaldo Burts was found dead in the hills near Idyllwild.
Carl Erik Rinsch, a Hollywood director, has been convicted on charges that he scammed Netflix out of $11 million for a show that never materialized.
Disney said on Thursday it will make a $1 billion equity investment in OpenAI under a new partnership with the Sora and ChatGPT developer.
Vince Dunn scored on the power play 1:21 into overtime and the Seattle Kraken snapped a five-game losing streak by beating the Los Angeles Kings, 3-2.
The Trump administration is adding another militarized zone to the southern U.S. border to support border security operations — this time in California, officials say.
A U.S. district judge blocked Trump from deploying the California National Guard in Los Angeles and said control of the Guard must be returned to Gov. Gavin Newsom.
Just how much power will the next governor have to repeal controversial California laws?
The Trump administration is adding another militarized zone to the southern U.S. border to support border security operations — this time in California, officials say.
President Trump said the U.S. has seized an oil tanker, which Attorney General Pam Bondi said has been "used to transport sanctioned oil from Venezuela and Iran."
A U.S. district judge blocked Trump from deploying the California National Guard in Los Angeles and said control of the Guard must be returned to Gov. Gavin Newsom.
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
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.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
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.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
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.
The New York Islanders beat the Anaheim Ducks 5-2 on Thursday night.
Vince Dunn scored on the power play 1:21 into overtime and the Seattle Kraken snapped a five-game losing streak by beating the Los Angeles Kings, 3-2.
Stephon Castle scored 21 of his 30 points in the second half, and De'Aaron Fox added 20 points in the San Antonio Spurs' 132-119 victory over the Los Angeles Lakers on in an NBA Cup quarterfinal.
Former University of Michigan football coach Sherrone Moore was booked into jail, just hours after he was fired.
The University of Michigan appointed Biff Poggi as interim head coach after Sherrone Moore was terminated.
Carl Erik Rinsch, a Hollywood director, has been convicted on charges that he scammed Netflix out of $11 million for a show that never materialized.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
The Los Angeles Police Department addressed its San Fernando Valley operation that targeted drivers who failed to stop for jaywalking pedestrians along Ventura Boulevard.
Desmond Shaw flies to Santa Monica for tonight's Look At This!
Unlicensed contractors who allegedly targeted victims of the Eaton Fire in Altadena face felony charges, Los Angeles County District Attorney Nathan Hochman announced on Thursday. Nicole Comstock reports.
Disney said on Thursday it will make a $1 billion equity investment in OpenAI under a new partnership with the Sora and ChatGPT developer. Hunter Sowards reports.
The Environmental Protection Agency ordered the Los Angeles Department of Water and Power to inspect its drinking water reservoirs after federal regulators found contamination risks.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
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.
