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.
More than 27,000 runners are expected to descend upon Los Angeles for the 2026 LA Marathon on Sunday, running more than two dozen miles across the city and creating a long list of road and freeway closures.
Alexis Manyoma netted the go-ahead score in the second half and Rafael Navarro added a pair of insurance goals, all after Los Angeles was forced to play a man down, helping the Colorado Rapids pull away for a 4-1 victory over the Galaxy.
Donovan Dent scored 25 points on 11-of-15 shooting and UCLA routed reeling Southern California 89-68 for the second time in 11 days Saturday to end the regular season with its highest-ever point total at Galen Center.
Kawhi Leonard had 28 points, Darius Garland scored 11 of his 21 points in the fourth quarter and the Los Angeles Clippers held on for a 123-120 victory over the Memphis Grizzlies.
Los Angeles Police Department detectives are asking for help from the public as they continue searching for a hit-and-run driver who struck and killed a 24-year-old woman back in 2023.
The national average at the gas pump is up due to the Iran War, in addition to typical springtime demand, according to AAA.
More than 27,000 runners are expected to descend upon Los Angeles for the 2026 LA Marathon on Sunday, running more than two dozen miles across the city and creating a long list of road and freeway closures.
Los Angeles Police Department detectives are asking for help from the public as they continue searching for a hit-and-run driver who struck and killed a 24-year-old woman back in 2023.
One home was destroyed when a fire broke out and threatened a Hollywood Hills neighborhood early Saturday, according to Los Angeles Fire Department firefighters.
The 5 and 10 freeway transition road in Boyle Heights was closed for several hours on Saturday after a concrete truck crashed and overturned before dangling off an overpass and dumping concrete onto the road below.
More than 27,000 runners are expected to descend upon Los Angeles for the 2026 LA Marathon on Sunday, running more than two dozen miles across the city and creating a long list of road and freeway closures.
Los Angeles Police Department detectives are asking for help from the public as they continue searching for a hit-and-run driver who struck and killed a 24-year-old woman back in 2023.
One home was destroyed when a fire broke out and threatened a Hollywood Hills neighborhood early Saturday, according to Los Angeles Fire Department firefighters.
The 5 and 10 freeway transition road in Boyle Heights was closed for several hours on Saturday after a concrete truck crashed and overturned before dangling off an overpass and dumping concrete onto the road below.
The national average at the gas pump is up due to the Iran War, in addition to typical springtime demand, according to AAA.
The recent warm weather has kicked off Orange County's rattlesnake season a little earlier this year.
Officers said the man jumped out of some bushes to try to kidnap a mother and daughter while also threatening to sexually assault them.
Without security or fencing, an Orange County man said the abandoned train tracks in his neighborhood have turned into a camping site for trespassers and criminals.
A Yorba Linda father who allegedly helped his 12-year-old son illegally modify his e-bike, which he was riding when he was critically injured in a crash, has been charged with felony child endangerment, according to the Orange County District Attorney's Office.
Anaheim police have arrested four people in connection with a gang-related shooting that wounded four people at a baby shower over the weekend.
The Riverside County Department of Animal Services rescued more than 60 dogs from a house fire near eastern Hemet on Thursday.
A BJ's Restaurant in Menifee has been banned from selling alcohol after state investigators found that its staff served a minor alcoholic drinks before a violent crash in 2023.
Police arrested a 49-year-old man accused of peeping on people, including two UC Riverside students.
The Empire Strykers are honoring a 12-year-old boy who died during soccer practice in San Bernardino.
The Moreno Valley Mall was temporarily closed after inspectors red-tagged it because of "unresolved, life-threatening fire code violations."
All six service members died during an unmanned aircraft system attack in Port Shuaiba, Kuwait.
Video of last year's fatal shooting of Ruben Ray Martinez obtained by CBS News appears to contradict claims that Martinez was shot by an ICE agent because he "accelerated" and "intentionally ran over" another agent.
The time change known as daylight savings starts Sunday, March 8, 2026. Most Americans lose an hour of sleep when clocks "spring forward."
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
NBA Hall of Famer Chauncey Billups and former player Damon Jones are among 31 people charged in the federal case. They have pleaded not guilty.
President Trump on Saturday told reporters, without citing evidence, that he believes a deadly strike on a girls' primary school in southern Iran last weekend was "done by Iran."
Workers installed a plaque honoring police officers in the early morning hours, three years after it was required by law to be erected.
Video of last year's fatal shooting of Ruben Ray Martinez obtained by CBS News appears to contradict claims that Martinez was shot by an ICE agent because he "accelerated" and "intentionally ran over" another agent.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
The measure, which would have blocked President Trump from continuing military force against Iran, fell short of the simple majority needed to advance.
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.
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.
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.
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.
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.
Alexis Manyoma netted the go-ahead score in the second half and Rafael Navarro added a pair of insurance goals, all after Los Angeles was forced to play a man down, helping the Colorado Rapids pull away for a 4-1 victory over the Galaxy.
Donovan Dent scored 25 points on 11-of-15 shooting and UCLA routed reeling Southern California 89-68 for the second time in 11 days Saturday to end the regular season with its highest-ever point total at Galen Center.
Kawhi Leonard had 28 points, Darius Garland scored 11 of his 21 points in the fourth quarter and the Los Angeles Clippers held on for a 123-120 victory over the Memphis Grizzlies.
Juraj Slafkovsky scored his second goal 49 seconds before he set up captain Nick Suzuki for the tiebreaker with 4:33 to play, leading the Montreal Canadiens' rally for a 4-3 victory over the Los Angeles Kings.
Cornerback Darious Williams is retiring after an eight-year NFL career that included a Super Bowl ring with the Los Angeles Rams.
Along with the "True Lies" co-stars, the California Hall of Fame's new inductees will include Olympians Carl Lewis and Janet Evans and Mariachi Reyna de Los Ángeles.
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.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Shia LaBeouf, who was charged with battery after police say he punched several people outside a New Orleans bar earlier this month, was arrested again on Saturday.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
The city of Bell is hosting its first-ever Ramadan Night Market, with international music, dishes and activities for what officials call a growing and diverse Muslim community.
CBS LA anchors Amy Johnson and Rudabeh Shahbazi, as well as meteorologist Marina Jurica, all of whom are cancer survivors, were in attendance at the American Cancer Society Gala in Dana Point on Saturday.
The Los Angeles Police Department is investigating after a man was shot and killed in the San Fernando Valley on Friday night.
Zach Boetto reports from West Hollywood, where businesses were busy getting ready Saturday night as thousands of people were expected to descend upon the area for the LA Marathon early Sunday.
Dozens of women, including Los Angeles Mayor Karen Bass, joined together in West LA on Saturday for International Women's Day, where a brand new coffeehouse and hub opened to the public to provide a space for women to gather.
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.
