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.
Darryl Lamar Collins killed his girlfriend in 2021, less than a year after being released from prison on parole with two previous murder convictions.
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
The 12-year-old boy showed off a bullet at lunch, prompting the search of his backpack, according to the city of Redlands.
State Sen. Laura Richardson also announced legislation to make the California sea lion the official state pinniped.
The failure to protect explicit case evidence in Denise Huskins' kidnapping and sexual assault case is driving reform at the State Capitol. New developments exposed a little-known gap in state law that could expose videos of sexual assault victims.
Darryl Lamar Collins killed his girlfriend in 2021, less than a year after being released from prison on parole with two previous murder convictions.
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Members from various unions, including the United Teachers Los Angeles, announced plans for a massive strike in April if ongoing contract negotiations with LAUSD officials do not reach a conclusion.
The 12-year-old boy showed off a bullet at lunch, prompting the search of his backpack, according to the city of Redlands.
State Sen. Laura Richardson also announced legislation to make the California sea lion the official state pinniped.
While receiving state-of-the-art care in Northern California, the injured mountain lion cub found on a Castaic street has made a new friend, a fellow orphaned cub from the Central Coast.
San Fernando city staff removed a statue and covered a mural showing Cesar Chavez at a local park after sexual abuse allegations against the late labor activist surfaced earlier this week.
The Los Angeles County Sheriff's Department said no one was injured when the old car caught on fire.
Burbank SWAT officers arrested a man who allegedly threatened a utility crew with a pellet rifle on Wednesday.
Stolen identities were allegedly used to secure high-value real estate loans, fabricate financial documents, and "move millions of dollars through a maze of fraudulent businesses and funnel accounts," said Tyler Hatcher, Special Agent in Charge, IRS-CI Los Angeles Field Office.
One person was killed when a Westminster home was engulfed in flames on Tuesday night, according to the Orange County Fire Authority.
After Bill Kerwin's health saw a rapid decline while battling Stage 4 pancreatic cancer, 16 of his family's closest friends came together to make sure that he could see his daughter, Abbi, graduate from Huntington Beach High School with an early ceremony on Monday evening.
Federal officials appealed a judge's decision to dismiss a deportation case against Narciso Barranco, the father of three U.S. Marines in Orange County.
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.
Riverside County firefighters and a deputy resuscitated four cats that were trapped inside a burning apartment.
Detectives are investigating the "suspicious death" of a 23-year-old woman who died after a fight with a family member on Tuesday, according to a news release from the Riverside County Sheriff's Office.
Deputies said that a 38-year-old man was violently assaulted in the 14000 block of Big Horn Avenue on Tuesday afternoon and that he succumbed to his injuries after being taken to a local hospital.
Riverside police have arrested a man in connection with a deadly stabbing spree outside the Riverside courthouse last week.
After dozens of community members gathered to share their thoughts on whether or not the city of Ontario would rebuild the historic Jay Littleton Ball Park, which was destroyed by a fire in 2024, city council members opted to delay their vote for another day.
With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Luka Doncic scored 60 points, LeBron James had a triple-double on a night where he tied the NBA record for games played, and the Los Angeles Lakers pushed their season-best winning streak to eight games with a 134-126 win over the Miami Heat on Thursday night.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
The FCC announced Thursday that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna.
Lawmakers in the California state legislature said they are moving to designate "Farmworkers Day" as a state holiday following sexual abuse allegations against Cesar Chavez.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
Border Patrol official Gregory Bovino was pulled away from a high-profile role leading immigration raids in major U.S. cities, including Minneapolis, earlier this year.
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.
Luka Doncic scored 60 points, LeBron James had a triple-double on a night where he tied the NBA record for games played, and the Los Angeles Lakers pushed their season-best winning streak to eight games with a 134-126 win over the Miami Heat on Thursday night.
Noah Cates scored on a deflection off goalie Lukas Dostal's skate at 2:17 of overtime and — after a review for offsides on the play — the Philadelphia Flyers beat the Anaheim Ducks 3-2 on Wednesday night.
Luka Doncic had 40 points and LeBron James added 30 as the Los Angeles Lakers extended their winning streak to seven games with a 124-116 win over the Houston Rockets.
Saddiq Bey scored 25 points, Trey Murphy added 23 and the New Orleans Pelicans overcame an early 18-point hole to beat the Los Angeles Clippers 124-109.
After dozens of community members gathered to share their thoughts on whether or not the city of Ontario would rebuild the historic Jay Littleton Ball Park, which was destroyed by a fire in 2024, city council members opted to delay their vote for another day.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
A muralist in Watts decided he didn't want to honor Cesar Chavez anymore, so he's replacing the alleged predator on a mural. Tina Patel reports.
A trio of sea lion pups was released back into the ocean on Friday. Rick Montanez reports.
Los Angeles County Department of Animal Care and Control is seizing about 700 cats and dogs from a property in Lake Hughes. Mark Liu reports.
Prediction markets have quickly gained popularity in the online gambling space. What are their legal challenges? Kerry Fields, Professor of Business Law and Ethics at USC Marshall School of Business, joins CBS LA to talk about ongoing litigation and the future of prediction markets.
Choreographer Molly Long joins CBS LA to talk about the "Double-Dutch Bus" dance going viral online.
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.
