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.
Ladera Ranch residents believe there's a high concentration of Ewing sarcoma cases in their neighborhood, with as many as six children diagnosed with the extremely rare cancer in recent years.
Irvine Police Department officers responded to a man having a mental crisis in a residential area at Silkwood and Sungate around noon. Officer Ziggy Azarcon said officers attempted to negotiate a peaceful surrender for about an hour.
Aerial footage showed a mangled Simi Valley police motorcycle and a pickup truck with heavy front-end damage and bullet holes in its windshield.
The fire was reported at around 1:30 p.m. in the Mead Valley area according to Riverside County firefighters.
LA County supervisors are offering a $50,000 reward for help finding the gunman who killed a teen at a Torrance pool party last year.
Ladera Ranch residents believe there's a high concentration of Ewing sarcoma cases in their neighborhood, with as many as six children diagnosed with the extremely rare cancer in recent years.
Irvine Police Department officers responded to a man having a mental crisis in a residential area at Silkwood and Sungate around noon. Officer Ziggy Azarcon said officers attempted to negotiate a peaceful surrender for about an hour.
The multi-day preliminary hearing in the murder case against D4vd began on Tuesday with prosecutors calling their first witnesses and presenting gruesome photos.
Aerial footage showed a mangled Simi Valley police motorcycle and a pickup truck with heavy front-end damage and bullet holes in its windshield.
The fire was reported at around 1:30 p.m. in the Mead Valley area according to Riverside County firefighters.
Irvine Police Department officers responded to a man having a mental crisis in a residential area at Silkwood and Sungate around noon. Officer Ziggy Azarcon said officers attempted to negotiate a peaceful surrender for about an hour.
Aerial footage showed a mangled Simi Valley police motorcycle and a pickup truck with heavy front-end damage and bullet holes in its windshield.
LA County supervisors are offering a $50,000 reward for help finding the gunman who killed a teen at a Torrance pool party last year.
Sergio Valdovinos Ramirez pleaded guilty to three felony counts of grand theft by embezzlement and one felony count of insufficient checking funds
The Lucas Museum broke ground in Exposition Park in March 2018 and will officially open eight years later on September 22, 2026.
Ladera Ranch residents believe there's a high concentration of Ewing sarcoma cases in their neighborhood, with as many as six children diagnosed with the extremely rare cancer in recent years.
An investigation is underway in Laguna Beach, where a woman in her 60s was found dead inside her home on Monday.
Police said that 2,200 pounds of methamphetamine were seized during a search warrant at an Anaheim home.
A Metrolink train carrying approximately 500 people was forced to evacuate in Orange County on Saturday afternoon due to a mechanical issue.
From savory eats to everything fried and sweet treats, there are more than 100 food vendors serving up fair food, and for a chance to try a little of everything, the Taste of the Fair promotion offers samplings for $5 at participating booths.
The fire was reported at around 1:30 p.m. in the Mead Valley area according to Riverside County firefighters.
Police said that the man was found naked in the grass with injuries to his face and that all of his belongings were in a nearby trash can.
Surveillance video footage showed the moments when two thieves allegedly stole up to $20,000 in memorabilia from a collectible card shop in Corona over the weekend.
An injured bald eagle was rescued from Big Bear Lake by wildlife officials after it was involved in a fight, according to Friends of Big Bear Valley and the Los Angeles County Department of Parks and Recreation.
Riverside County signed an emergency waiver that allows El Sobrante Landfill to exceed its maximum tonnage limits.
Carl Isom-McDaniel was on a walk with his grandson at Yellowstone National Park earlier this month when a bison suddenly charged at him and threw him 8 feet into the air.
Defense Secretary Pete Hegseth told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
The recall affects certain 2020-2027 Aviator and 2020-2026 Explorer vehicles.
A United Airlines employee appears to have been caught on video threatening to call ICE on a passenger last week at San Francisco International Airport.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
Defense Secretary Pete Hegseth told lawmakers the Iran war has cost $37.5 billion. Sources told CBS News the total cost could be far higher, in part due to military construction for damaged U.S. bases.
Sen. Darline Graham, who is serving out the remainder of the late Sen. Lindsey Graham's term in the Senate, said she will seek a full term for the South Carolina seat her brother held for more than two decades.
Homeland Security Investigations is an arm of ICE, meaning the immigration enforcement agency would effectively be investigating incidents involving its own agents.
This is the first time in more than 150 years that a vice president's family had a child while in office.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
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.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Los Angeles County health officials on Saturday confirmed the fifth measles case of the year in an international traveler who arrived at Los Angeles International Airport earlier in the week.
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The California State Assembly passed a new bill that they hope can rein in a black market in restaurant reservations.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
Vaughn Grissom drove in the tying run with a one-out double in the ninth inning and Jo Adell was hit by a pitch with the bases loaded to give the Los Angeles Angels a 3-2 comeback win over the St. Louis Cardinals.
Trea Turner hit two homers, including the 200th of his career, and drove in five runs, Bryce Harper and Brandon Marsh also went deep and the Philadelphia Phillies beat the Los Angeles Dodgers 10-7.
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was found in an Oregon thrift store could fetch more than $150,000 in an auction closing Monday.
Colorado general manager Josh Byrnes helped orchestrate a trade with his former team Monday as the Rockies sent right-hander Seth Halvorsen to the Los Angeles Dodgers for two minor league players.
Free agent forward Matisse Thybulle has signed a one-year deal with the Los Angeles Lakers, a person with knowledge of the agreement said Monday.
Kaylee Hottle, an Atlanta-born actress known for her role in the "Godzilla" film franchise, has died following a crash in Maryland.
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was found in an Oregon thrift store could fetch more than $150,000 in an auction closing Monday.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
Los Angeles County's chief medical examiner is emphasizing the need for greater transparency when it comes to autopsies following celebrity deaths.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
An alleged domestic violence suspect was fatally shot by Simi Valley police after a high-speed pursuit ended with a crash on Tuesday afternoon. Gio Insignares reports.
Ladera Ranch residents believe there's a high concentration of Ewing sarcoma cases in their neighborhood, with as many as six children diagnosed with the extremely rare cancer in recent years. Michele Gile reports.
Big Bear's beloved eagle Jackie is recovering at the Ojai Raptor Center after she was injured in a fight with other eagles. Joy Benedict reports.
Crews started towing muddy cars that have been trapped in their garages after a ruptured water main flooded roads and apartments in West Hollywood. Alys Martinez reports.
The multi-day preliminary hearing in the murder case against D4vd began on Tuesday with prosecutors calling their first witnesses and presenting gruesome photos. Jasmine Viel reports.
Some of golf's best are facing off at the U.S. Women's Open at the Riviera Country Club in the Pacific Palisades over the weekend. The event runs from June 2 to June 7.
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.
