3 Lawmakers Ask Banks About Peer-to-Peer Payments and Social Media Scams

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3 Lawmakers Ask Banks About Peer-to-Peer Payments and Social Media Scams

pymnts.com/fraud-prevention/2025/3-lawmakers-ask-banks-about-peer-to-peer-payments-and-social-media-scams

Three members of Congress said Thursday (July 3) that they sent a letter to each of the banks that own the Zelle peer-to-peer (P2P) payment platform, asking what those banks are doing to combat social media scams.

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The letters were prompted by a proliferation of…

This story appeared on pymnts.com, 2025-07-03 20:27:15.