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.
It happened at around 12:20 a.m. at a bar called Sugar Suite, in the 11800 block of Balboa Boulevard, Los Angeles Police Department officers said.
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Fans lucky enough to secure tickets to the 2028 Summer Olympic Games in Los Angeles are facing steep prices, with some paying hundreds or even thousands of dollars to attend events, prompting questions about why costs have surged compared with past Games.
Here is what to know about where and when to watch the 2026 NFL Draft.
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
Compare the candidates for California governor with the CBS News California Investigates Side-by-Side Candidate Guide.
It happened at around 12:20 a.m. at a bar called Sugar Suite, in the 11800 block of Balboa Boulevard, Los Angeles Police Department officers said.
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Fans lucky enough to secure tickets to the 2028 Summer Olympic Games in Los Angeles are facing steep prices, with some paying hundreds or even thousands of dollars to attend events, prompting questions about why costs have surged compared with past Games.
Here is what to know about where and when to watch the 2026 NFL Draft.
It happened at around 12:20 a.m. at a bar called Sugar Suite, in the 11800 block of Balboa Boulevard, Los Angeles Police Department officers said.
Fans lucky enough to secure tickets to the 2028 Summer Olympic Games in Los Angeles are facing steep prices, with some paying hundreds or even thousands of dollars to attend events, prompting questions about why costs have surged compared with past Games.
Los Angeles police were called to yet another San Fernando Valley break-in late Wednesday night after several men were seen on the surveillance camera of a home under construction in Valley Glen.
After 13 years, the iconic NoHo Gateway Sign signaling the entrance to North Hollywood's Arts District will be relit on Thursday.
LAPD officers say that the suspect is a known sex offender.
A week after a 53-year-old woman was killed in a crash with an alleged DUI driver on the Pacific Coast Highway in Huntington Beach, the other members of her beloved car group gathered to honor her memory.
In the civil case of Garcia v. City of Tustin, a unanimous verdict was reached in a six-day jury trial, finding the officer's shooting was excessive and unreasonable.
Some neighbors said they believe that the blaze was fueled by the lithium-ion batteries of some e-bikes parked in one of the apartment's garages.
The Newport Mesa Unified School District has voted to ban e-bikes at all elementary and middle school campuses.
Fullerton police arrested a 42-year-old man who allegedly assaulted two people and kidnapped a woman over the weekend, according to a news release from the department.
A Riverside County man was sentenced to more than five decades in prison last week for abusing three siblings who were in his care for years.
A 4-year-old boy was honored with the ultimate recognition from the Colton Police Department on Tuesday night, when he was sworn in as an honorary officer.
The FBI has joined the search for a missing 74-year-old Rancho Cucamonga man, Nai Ping Hou, whose bank accounts were depleted before he was reported missing in May 2025.
More than 200 people were arrested over the two-week Coachella Music and Arts Festival in Indio.
A Southern California state senator has proposed a new law that would prevent euthanasia in the state's wildlife just a month after a mother bear was put down for swiping at a woman in Monrovia, feet away from where her two cubs were located.
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
Here is what to know about where and when to watch the 2026 NFL Draft.
One woman's entire life savings was stolen from her by sophisticated scammers who used artificial intelligence to perfectly manipulate her.
Patrick Bailey broke up a scoreless game with a three-run homer in the sixth inning after Shohei Ohtani left the mound, and the San Francisco Giants sent the two-time defending World Series champion Los Angeles Dodgers to their fourth loss in five games with a 3-0 win.
Compare the candidates for California governor with the CBS News California Investigates Side-by-Side Candidate Guide.
The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.
A bill aimed at tightening California's elderly parole program has failed to advance.
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.
About half of Iran's stockpile of ballistic missiles and its associated launch systems were still intact as of the start of the ceasefire in early April, officials said.
A federal grand jury indicted the Southern Poverty Law Center on wire and bank fraud-related charges on Tuesday, the Justice Department says, accusing it of paying members of extremist groups as part of its efforts to investigate them.
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.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, 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.
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.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
More than a dozen cities and counties across California were given a "final warning" from state officials Wednesday, saying they have failed to properly plan for additional new homes amid the state's lack of affordable housing.
Fans lucky enough to secure tickets to the 2028 Summer Olympic Games in Los Angeles are facing steep prices, with some paying hundreds or even thousands of dollars to attend events, prompting questions about why costs have surged compared with past Games.
Here is what to know about where and when to watch the 2026 NFL Draft.
Patrick Bailey broke up a scoreless game with a three-run homer in the sixth inning after Shohei Ohtani left the mound, and the San Francisco Giants sent the two-time defending World Series champion Los Angeles Dodgers to their fourth loss in five games with a 3-0 win.
Cutter Gauthier broke a tie off a rebound with 4:52 left and the Anaheim Ducks beat Edmonton 6-4 on Wednesday night in Game 2 to even the first-round series, with Oilers star Connor McDavid slowed by an apparent leg injury.
Zack Steffen finished with two saves and had his second shutout of the season for the Colorado Rapids in a 0-0 tie with Los Angeles FC.
The Laugh Factory has announced an upcoming line of collectible trading cards featuring some of comedy's biggest names at a show in Hollywood next week.
More than 200 people were arrested over the two-week Coachella Music and Arts Festival in Indio.
"We love her very much and she always told us that she loved us," the Rivas Hernandez family said. "We miss her deeply."
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters.
Nearly 100 people were arrested during the first weekend of the 2026 Coachella Music and Arts Festival, according to the Indio Police Department.
Two teenagers were arrested after a pursuit ended in a crash in Encino. Mark Liu reports.
A man was hospitalized early Thursday morning after a bar fight turned into a stabbing in Granada Hills. Mark Liu reports.
Los Angeles Police Department detectives arrested a man who allegedly sexually assaulted six women in one day in the San Fernando Valley and recorded some of the encounters with his cell phone over the weekend. Amanda Starrantino reports.
Many Altadena residents are turning to soil remediation as they continue to rebuild their homes in the wake of the Eaton Fire in 2025. Kara Finnstrom reports.
After a week of cooler temperatures and some rain, Chloe Carlson walks through what Southern Californians can expect for the coming days and weekend ahead.
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.
