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.
The collision was reported around 1:48 a.m. on the northbound lanes of the 110 Freeway.
The collision occurred around 2:20 a.m. Sunday on Reseda Boulevard in Porter Ranch.
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.
A 15-year-old boy was shot after a fight broke out at Dockweiler State Beach on Saturday night, according to police.
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.
The collision was reported around 1:48 a.m. on the northbound lanes of the 110 Freeway.
The collision occurred around 2:20 a.m. Sunday on Reseda Boulevard in Porter Ranch.
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.
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 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.
The 5 Freeway near East LA was closed after a pursuit suspect stopped in the middle lanes.
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.
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.
Murrieta police arrested a Riverside County couple for a fire that killed two of their daughters last December.
A man's attempt at stealing a woman's purse outside of a Banning grocery store was thwarted by good Samaritans last week, according to police.
A multi-agency investigation in Southern California uncovered a stash of stolen luxury goods worth more than $6 million.
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.
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.
The suspect, who was killed following the shooting, had previously been imprisoned for several years for trying to support ISIS, the FBI said.
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
Authorities say a Florida woman has been charged with attempted murder and other felonies over gunshots fired at Rihanna's Los Angeles home last weekend.
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.
The war, which shows no signs of ending soon, has upended global air travel, disrupted oil exports from the region and sent fuel prices rising across the world.
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
President Trump told FIFA representatives Tuesday that Iran is welcome to play in the World Cup tournament in the United States, officials told CBS News.
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.
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.
Dejan Joveljić had a goal and an assist against his former team, Lasse Johnsen had a goal and an assist in his league debut and Sporting Kansas City beat the Los Angeles Galaxy 2-1.
Luka Doncic made a fall-away jumper with 0.5 seconds remaining in overtime and the Los Angeles Lakers beat the Denver Nuggets 127-125 on Saturday night.
Anze Kopitar moved past Marcel Dionne and into the top spot on the Los Angeles Kings career points list with two goals in a 6-4 loss to the New Jersey Devils.
Watch scenes from the performances nominated for best supporting actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Authorities say a Florida woman has been charged with attempted murder and other felonies over gunshots fired at Rihanna's Los Angeles home last weekend.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
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.
Who is going to take home the iconic statues at the Academy Awards on Sunday? Derrial Christon gives his preview with CBS LA.
It's spring break season, but it's going to feel like summer in Southern California. Chloe Carlson reports.
A 15-year-old boy was shot after a fight broke out at Dockweiler State Beach on Saturday night, according to police.
For the 30th year in a row, hundreds of people lined the streets of Hermosa Beach for the city's annual St. Patrick's Day Parade.
After days of sweltering record-breaking heat, Southern California is in for another heat wave that could bring triple-digit temperatures to the region. Alex Biston reports.
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.
