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.
Police said that officers were in pursuit of a stolen vehicle suspect when the crash happened.
The hit-and-run driver who killed 21-year-old Benjamin Montalvo was released from prison less than three years into her nine-year sentence on Saturday.
It's unclear where the chase began.
Thousands of people gathered in downtown Los Angeles on Saturday to call for a change in the current regime in Iran and ask for help from U.S. government officials.
One person was wounded during a shooting at a street takeover in downtown Los Angeles early Saturday morning.
Police said that officers were in pursuit of a stolen vehicle suspect when the crash happened.
The hit-and-run driver who killed 21-year-old Benjamin Montalvo was released from prison less than three years into her nine-year sentence on Saturday.
It's unclear where the chase began.
Thousands of people gathered in downtown Los Angeles on Saturday to call for a change in the current regime in Iran and ask for help from U.S. government officials.
One person was wounded during a shooting at a street takeover in downtown Los Angeles early Saturday morning.
Police said that officers were in pursuit of a stolen vehicle suspect when the crash happened.
The hit-and-run driver who killed 21-year-old Benjamin Montalvo was released from prison less than three years into her nine-year sentence on Saturday.
Thousands of people gathered in downtown Los Angeles on Saturday to call for a change in the current regime in Iran and ask for help from U.S. government officials.
One person was wounded during a shooting at a street takeover in downtown Los Angeles early Saturday morning.
An evacuation warning is in place near the Palisades Fire burn scar as a powerful winter storm closes in on Southern California to start the new week.
Deputies said that the suspect was the estranged spouse of a woman who was found stabbed to death in the 26000 block of Laruelwood Lane early Saturday.
Video shows immigration agents beating Narciso Barranco, the father of three U.S. Marines, after he was restrained on the ground.
An Orange County family was sailing near San Clemente when a sick lion named Chump hopped aboard their boat.
Wildlife activist Sandy Steers, who spearheaded the eagle nest cam, has died, according to the Friends of Big Bear Valley.
Dramatic video shows the moments when a tortoise safely scampers away from a burning shed in the backyard of a home in Fullerton over the weekend.
The hit-and-run driver who killed 21-year-old Benjamin Montalvo was released from prison less than three years into her nine-year sentence on Saturday.
An 80-year-old man was struck and killed by a hit-and-run driver in Apple Valley on Friday night, according to the San Bernardino County Sheriff's Department.
Riverside County health officials have reported the second and third measles cases of the year, which they say could be connected to the county's first case that was reported last week.
San Bernardino firefighters may soon have a new weapon against California wildfires: water-dropping drones.
The San Bernardino County Sheriff's Department closed its Apple Valley Police Station after a resident brought in what appeared to be Civil War-era cannonballs.
Casey Wasserman, the chair of the 2028 Los Angeles Olympics organizing committee, says he is selling his eponymous talent agency in the wake of the release of emails between himself and Ghislaine Maxwell.
The FBI and sheriff's department have been investigating the disappearance of Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, for nearly two weeks.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
Lindsey Vonn broke her left leg in a crash during her downhill race at the Winter Olympics last weekend.
Team USA cross-country skier Jessie Diggins collapsed after crossing the finish line in the women's 10-kilometer interval start on Thursday. She was competing while injured.
Casey Wasserman, the chair of the 2028 Los Angeles Olympics organizing committee, says he is selling his eponymous talent agency in the wake of the release of emails between himself and Ghislaine Maxwell.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
Border czar Tom Homan announced Thursday that Operation Metro Surge in Minnesota is concluding, with a drawdown of federal immigration officers set to occur over the course of next week.
With so many candidates and no clear frontrunner in California's governor's race, two Republicans now lead in the polls in this heavily Democratic state, raising the question: Could the primary election lead to a Republican-versus-Republican runoff?
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.
Riverside County health officials have reported the second and third measles cases of the year, which they say could be connected to the county's first case that was reported last week.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
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.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
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.
Keshad Johnson of the Miami Heat has won the NBA Slam Dunk contest, Damian Lillard won his third career 3-Point Contest and Team Knicks won the first Shooting Stars event since 2015 on All-Star Saturday in Inglewood.
Yaxel Lendeborg had 17 points and eight rebounds to lead No. 2 Michigan to an 86-56 victory over UCLA that puts the program in position to be ranked No. 1 in the AP Top 25 for the first time since 2013.
The leg injury that knocked Kevin Fiala out for the rest of the Milan Cortina Olympics is not just damaging to Switzerland's hopes in the tournament.
Chris Paul made the announcement ahead of the NBA's All-Star weekend at the home of the Los Angeles Clippers in Inglewood.
Lindsey Vonn broke her left leg in a crash during her downhill race at the Winter Olympics last weekend.
The death of "Dawson's Creek" actor James Van Der Beek highlights a rising trend in colorectal cancer among young adults.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Reactions poured in when Bad Bunny was named Super Bowl halftime headliner, with some praising and others criticizing the choice.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Three Los Angeles Police Department officers were hospitalized late Saturday night after their patrol cars collided during a pursuit with a stolen vehicle suspect near Reseda.
An alleged stolen vehicle suspect led Los Angeles police on a lengthy pursuit along Glendale surface streets before fleeing along the 2 Freeway on Saturday night.
Hunter Sowards reports from Corona, where family members of Benjamin Montalvo gathered for a vigil on Saturday, the same day that the hit-and-run driver who killed their son was released from prison after serving just a fraction of her prison sentence.
Zach Boetto reports from the San Bernardino County Hall of Records, which was open for the first time ever on a Saturday, where dozens of couples were married on the most romantic day of the year, Valentine's Day.
An evacuation warning is in place near the Palisades Fire burn scar as a powerful winter storm closes in on Southern California to start the new week.
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.
