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 incident was reported near the Salton Sea in North Shore around 8:25 a.m. Sunday.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Jim Michaelian, the President and CEO of the Grand Prix Association of Long Beach, has died at 83 years old, just weeks before the event scheduled in April.
Hugo Lloris finished with two saves for Los Angeles FC in a record fifth straight shutout to begin a season, and Brad Stuver stopped the only shot he faced for Austin FC in a scoreless draw.
The incident was reported near the Salton Sea in North Shore around 8:25 a.m. Sunday.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Jim Michaelian, the President and CEO of the Grand Prix Association of Long Beach, has died at 83 years old, just weeks before the event scheduled in April.
An alleged robbery suspect was arrested on Saturday night following a lengthy chase in a U-Haul box truck through the East Los Angeles area.
Jim Michaelian, the President and CEO of the Grand Prix Association of Long Beach, has died at 83 years old, just weeks before the event scheduled in April.
An alleged robbery suspect was arrested on Saturday night following a lengthy chase in a U-Haul box truck through the East Los Angeles area.
LeBron James broke the NBA record for games played in the Lakers' win over the Orlando Magic on Saturday, passing Robert Parish with 1,612 career games.
It's unclear where the chase began.
Burbank Airport raised $8,000 to help TSA officers who are not getting paid during the partial government shutdown.
One person was killed when a Westminster home was engulfed in flames on Tuesday night, according to the Orange County Fire Authority.
After Bill Kerwin's health saw a rapid decline while battling Stage 4 pancreatic cancer, 16 of his family's closest friends came together to make sure that he could see his daughter, Abbi, graduate from Huntington Beach High School with an early ceremony on Monday evening.
Federal officials appealed a judge's decision to dismiss a deportation case against Narciso Barranco, the father of three U.S. Marines in Orange County.
A Seal Beach woman in her 70s was hospitalized after she was hit by a young man on an electric motorcycle.
Investigators said Jose Angel Aguilar cut off his ankle monitor and escaped while attending classes at an Orange County community college.
More than 20 years after an investigation into a Moreno Valley homicide began, Riverside County deputies have finally made an arrest.
Authorities have arrested a man wanted in connection with a crash in Moreno Valley that killed a 25-year-old woman in January.
Two more people have been arrested in connection with a possible murder-for-hire that left a 30-year-old man dead at a Murrieta apartment complex in January, according to police.
Corona Police shot and killed a man accused of stabbing a woman to death inside an apartment Thurday morning.
LA County deputies also seized $1 million in cash during the two-month operation.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
The western United States experienced a severe snow drought this year, threatening the region's water supply and potentially setting the stage for its wildfire season.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Wait times aren't expected to improve until government funding is restored and TSA officers receive paychecks.
It is unclear under what circumstances President Trump would authorize the use of U.S. troops on the ground in Iran.
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.
LA County public health officials issued a bacteria warning at several beaches as a potentially record-breaking heat wave arrives in Southern California.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
A nonprofit that booked a Social Agent said it's a lot cheaper than hiring someone to do their social media full-time. A typical job runs about $200, with same-day delivery, and if clients already have footage, they can upload it and get a finished piece.
A California judge has tentatively stopped the state from canceling commercial licenses for more than 20,000 immigrant truck drivers.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
Jim Michaelian, the President and CEO of the Grand Prix Association of Long Beach, has died at 83 years old, just weeks before the event scheduled in April.
Hugo Lloris finished with two saves for Los Angeles FC in a record fifth straight shutout to begin a season, and Brad Stuver stopped the only shot he faced for Austin FC in a scoreless draw.
UCLA stormed past Cal Baptist in the women's NCAA Tournament, turning a close game into a 96-43 blowout.
Darius Garland scored a season-high 41 points, Kawhi Leonard added 34 with a tying bucket late in regulation and the Los Angeles Clippers beat Dallas 138-131 in overtime.
LeBron James broke the NBA record for games played in the Lakers' win over the Orlando Magic on Saturday, passing Robert Parish with 1,612 career games.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
Nia and Jags Barbecue founder and owner Stepha Dova walks CBS LA through some of their best items for a spring feast. Catch Nia and Jags Barbeque at the Oldtown Newhall Farmer's Market on Saturdays, and the Studio City Farmer's Market on Sundays.
President Trump says he's sending ICE agents to airports as TSA issues continue. Alys Martinez reports.
The final week of March will be a warm one for Southern California. Chloe Carlson reports.
An alleged robbery suspect was arrested on Saturday night following a lengthy chase in a U-Haul box truck through the East Los Angeles area.
Zach Boetto reports from Yucaipa, where he speaks with Sensei David of FLOW Academy BJJ, who provides information on their program for special needs students, who they help learn self-defense and confidence through their work.
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.
