Zelle Emerges as Lawmakers' Surprise Foe at Bank Hearings

Although disputed transactions represent around 0.06% of Zelle's 5 billion transactions, lawmakers slammed the platform for being unsafe and for refusing to take responsibility when consumers send money to scammers.

By Jenny Surane | September 23, 2022 at 08:10 PM

Some of Wall Street's most vocal critics chose a surprising target in a pair of hearings with the CEOs of the nation's largest banks: Zelle.

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News

1 2024 Alexander Hamilton Awards: Treasury Transformation

2 Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

3 Fed’s Focus Has Returned Firmly to Inflation

4 Fed Lowers Interest Rates by a Quarter Point

5 Fabricating a Treasury Function from Scratch to Support an $18 Billion Business

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Fed’s Focus Has Returned Firmly to Inflation

By Craig Torres | December 19, 2024

Policymakers don’t expect to reach their 2% inflation goal until 2027, so “from here on out, it is going to be much harder to get rate cuts without much further improvement on inflation.”

Fed’s Focus Has Returned Firmly to Inflation

Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

By Lynn Cavanaugh | December 19, 2024

Employees of Seattle-based Weyerhaeuser Company filed a class-action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.

Another Pension Plan Risk-Transfer Lawsuit: Lumber Firm Sued over Its $1.5 Billion Transfer to Athene Annuity

Fed Lowers Interest Rates by a Quarter Point

By Amara Omeokwe | December 18, 2024

However, officials reduced their expected number of rate cuts for next year from four to two.

Fed Lowers Interest Rates by a Quarter Point

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