The Expert Podcast

Millions of dollars have been lost through payments going through the Zelle payment online system, which Wells Fargo, Bank of America, and Chase Bank have set up as a convenient way of sending money to other people, much like PayPal. Over the years, scammers have exploited the system to get people to send them money accidentally by infiltrating their passwords, getting them to click on a link, or by getting them to put in a code that showed up on their phone, using Zelle as a way to steal money. For years, consumers and victims have complained that it's too easy to hack the Zelle system and steal money.

Well, finally, the government is taking action. The CFPB (Consumer Financial Protection Bureau) has sued Zelle and the banks for allowing scammers to use their platform to easily steal money from victims. So, if you have had money stolen from you because somebody exploited the simplicity of the Zelle payment system, you may be in luck. You want to make sure you get your case reported properly and gather the evidence you need. By the way, in order to get more details on how to do this, you can click the link below. ActiveIntel.com is our website for our private investigative agency. We specialize in consumer and corporate fraud and will give you information on how to file these reports. You also want to make sure your video will be back in 8 seconds. In the meantime, remember, you have access to live, one-on-one consultation and undivided attention from a licensed, certified expert in this subject and many others. We want to listen to your story, hear your questions, and give you expert advice on your options. We want to tell you what we know about your situation and what options you have.

If you've had a loss, you may be in the system, so this lawsuit could potentially result in compensation for you. The allegations by the government are that the banks made it too easy to transfer money without protecting depositors or consumers from having these losses. I know you have an opinion about this. If you're watching this video, I'm sure you knew somebody or had a loss yourself through one of these scammers using Zelle. Having a convenient way to send money is great; however, if it makes it easy for people to scam you, that convenience is not worth it. What made it worse is when you did have money stolen from you and called the bank, telling them it was a scam. A lot of times, the bank would tell you to contact the fraudster or the person who took your money, as if they're going to give your money back. It was adding insult to injury.

This online fraud is something we've heard from victims for many years—five or six years. We hear from people all the time that they had money stolen from them through Zelle and wanted to investigate or pursue asset recovery. This news that the government is now taking this seriously is welcome news. The banks aren’t out to try to hurt you—they didn’t do anything wrong. It’s just that they created an easy system that criminals are exploiting, and they need to tighten it up a bit. I’m sure this will help them do it.

Now, in hindsight, if you've already been a victim, this may not help you unless you can recover your funds, but at least you know that someone is listening and taking it seriously. Thank you for watching another video at ActualHuman.com and Describe.TV. Remember, if you have questions or comments about our videos, put them in the link below. Also, remember that you have availability and access to live, one-on-one question-and-answer consultations with a licensed expert in a number of fields—investigations, insurance, bonds, civil court mediation, even things like real estate records research, real estate brokers, and mortgage lenders. Additionally, experts are available in business segments such as business development, marketing, and advertising.

So, if you find this content valuable and want to delve more deeply into a subject, you can’t ask YouTube a question. But if you want to talk to somebody live and actual human, use the link below. Thanks for watching!