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.
Watch CBS News
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.
For the first time in the school's nearly 80-year history, California Baptist University is going dancing in March Madness. The Lancers first-ever appearance in the NCAA Division I Men's Basketball Tournament comes after they were selected by tournament organizers on Sunday.
A pedestrian was fatally struck by a hit-and-run driver in Jurupa Valley early Sunday morning and Riverside County authorities are still searching for the suspect.
"Sinners" earned 16 nominations, the most ever, and is looking for a historic night at the 2026 Oscars. Here are all the winners and nominees at the 98th annual Academy Awards.
Deputies say that the suspect was found dead from a self-inflicted gunshot wound
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
For the first time in the school's nearly 80-year history, California Baptist University is going dancing in March Madness. The Lancers first-ever appearance in the NCAA Division I Men's Basketball Tournament comes after they were selected by tournament organizers on Sunday.
A pedestrian was fatally struck by a hit-and-run driver in Jurupa Valley early Sunday morning and Riverside County authorities are still searching for the suspect.
Just months remain until the California gubernatorial election, and CBS California is teaming up with local organizations for a live debate with the race's top candidates.
"Sinners" earned 16 nominations, the most ever, and is looking for a historic night at the 2026 Oscars. Here are all the winners and nominees at the 98th annual Academy Awards.
Deputies say that the suspect was found dead from a self-inflicted gunshot wound
A woman who was protesting against immigration operations outside of the federal detention center in downtown Los Angeles on Friday night was struck by a car leaving the compound. Video of the incident, which appears to show the woman stepping in front of the vehicle, but she insists that wasn't the case.
A 15-year-old boy was shot after a fight broke out at Dockweiler State Beach on Saturday night, according to police.
A homicide investigation is underway in Hermosa Beach after a man's body was found inside a beachfront home and a suspect was arrested following a seven-hour-long standoff late Saturday.
A $50,000 reward has been offered for information that helps lead Los Angeles Police Department detectives to the arrest of a suspect wanted in the 2019 killing of a man in Koreatown.
A mountain lion was spotted in a tree in the 800 block of Ebony Drive on Friday night, according to police. At around 4 a.m., they said that the big cat had moved on from the area and that its location was unknown.
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.
Two new polls have conservative commentator Steve Hilton, billionaire Tom Steyer and Rep. Eric Swalwell as the front-runners for California governor.
Authorities are seeking more victims of a rideshare driver who allegedly sexually assaulted a passenger in Orange County last month.
An Orange County man died after being bitten by a rattlesnake while mountain biking at an Irvine trail.
For the first time in the school's nearly 80-year history, California Baptist University is going dancing in March Madness. The Lancers first-ever appearance in the NCAA Division I Men's Basketball Tournament comes after they were selected by tournament organizers on Sunday.
A pedestrian was fatally struck by a hit-and-run driver in Jurupa Valley early Sunday morning and Riverside County authorities are still searching for the suspect.
Deputies say that the suspect was found dead from a self-inflicted gunshot wound
The owners of a Riverside financial services business that was targeted in a burglary in which $20,000 in camera equipment was taken believe that the suspect may have been familiar with their office.
Investigators say that the foster father, a 57-year-old man from Perris, allegedly molested and sexually assaulted two children over 10 years.
"Sinners" earned 16 nominations, the most ever, and is looking for a historic night at the 2026 Oscars. Here are all the winners and nominees at the 98th annual Academy Awards.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
More than 11.5 million people are under blizzard warnings, another 4.3 million are under winter storm warnings, and about 20.6 million are under an extreme heat watch, according to forecasters.
The U.S. became the first nation to sweep the hockey tournaments at the Olympics and Paralympics.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
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.
For the first time in the school's nearly 80-year history, California Baptist University is going dancing in March Madness. The Lancers first-ever appearance in the NCAA Division I Men's Basketball Tournament comes after they were selected by tournament organizers on Sunday.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
The U.S. became the first nation to sweep the hockey tournaments at the Olympics and Paralympics.
Russell Westbrook had 12 points, 12 rebounds and 10 assists for his 209th career triple-double and DeMar DeRozan scored 27 points to lead the Sacramento Kings to a 118-109 victory over the Los Angeles Clippers.
Mathieu Choiniere scored twice — the 27-year-old's second career multi-goal game in MLS — and Hugo Lloris had his fourth consecutive shutout to help Los Angeles FC beat St. Louis City 2-0.
"Sinners" earned 16 nominations, the most ever, and is looking for a historic night at the 2026 Oscars. Here are all the winners and nominees at the 98th annual Academy Awards.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Singer-songwriter John Mayer and film director-producer McG have teamed up to buy and renovate the legendary movie studio built by Charlie Chaplin, to preserve as a soundstage, recording studio, and a campus for artistic collaborations.
Hollywood's biggest stars are gearing up for the 98th annual Academy Awards. Here is what to know and how to watch the 2026 Oscars.
Watch scenes from the performances nominated for best supporting actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Alex Biston walks us through the upcoming wave of heat, which will bring triple-digit temperatures to much of Southern California.
A motorcyclist was killed in a two-vehicle crash in Mission Hills on Sunday afternoon.
A driver was cited for using a fake passenger to drive in the carpool lane on I-10 in West Covina.
Concerns for potential terrorist attacks, despite no current credible threats, amid the ongoing war in Iran, have prompted tightened security in Hollywood for this year's Oscars. Alys Martinez reports.
Who is going to take home the iconic statues at the Academy Awards on Sunday? Derrial Christon gives his preview with CBS LA.
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.
