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.
Police were notified by staff at John W. North High School on March 2 that several campus HVAC systems were damaged and stripped of materials. Officers began an investigation and, through surveillance footage, identified the suspects and their vehicle.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Aaron Rodgers says his 22nd season in the NFL will be his last.
One of the suspects arrested was connected to more than 25 burglaries throughout the city of LA, including 14 in the San Fernando Valley.
Nelson Andres Holdo is accused of swindling 22 victims out of hundreds of thousands of dollars for Rolex watches that never existed.
On Tuesday, fire officials said the Sandy Fire had experienced significant growth due to shifting winds, steep terrain and canyon-driven fire behavior.
Police were notified by staff at John W. North High School on March 2 that several campus HVAC systems were damaged and stripped of materials. Officers began an investigation and, through surveillance footage, identified the suspects and their vehicle.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
One of the suspects arrested was connected to more than 25 burglaries throughout the city of LA, including 14 in the San Fernando Valley.
At least four people were injured as a result of the blaze, according to Cal Fire.
Police were notified by staff at John W. North High School on March 2 that several campus HVAC systems were damaged and stripped of materials. Officers began an investigation and, through surveillance footage, identified the suspects and their vehicle.
One of the suspects arrested was connected to more than 25 burglaries throughout the city of LA, including 14 in the San Fernando Valley.
Nelson Andres Holdo is accused of swindling 22 victims out of hundreds of thousands of dollars for Rolex watches that never existed.
The LAPD said two male suspects broke into an apartment unit in a complex and stole clothes, jewelry and luggage before getting away.
On Tuesday, fire officials said the Sandy Fire had experienced significant growth due to shifting winds, steep terrain and canyon-driven fire behavior.
Air quality monitors issued a smoke advisory as the Bain, Sandy and Santa Rosa Island wildfires continue to burn in Southern California.
"Single-pole beach umbrellas are the only shade structures permitted on city beaches, except within designated canopy zones," the City of Laguna Beach wrote on social media.
The new 3,700-gallon tank will help water-dropping helicopters quickly refill and return to dousing any wildfires in the area.
Disturbing video showing a dog chained up in the back of a pickup truck on the 5 Freeway in Southern California has sparked a call to action to help the pup find a new home.
The Tustin Police Department says Juan Marquez, 47, waited outside Sandra Fernandez's workplace before fatally shooting her.
Police were notified by staff at John W. North High School on March 2 that several campus HVAC systems were damaged and stripped of materials. Officers began an investigation and, through surveillance footage, identified the suspects and their vehicle.
Air quality monitors issued a smoke advisory as the Bain, Sandy and Santa Rosa Island wildfires continue to burn in Southern California.
A homicide investigation is underway in Riverside County after a 47-year-old man was found shot to death early Tuesday morning.
A San Bernardino County woman was shocked to discover that what appeared to be someone else's ashes were already being stored inside of an urn she had ordered from Amazon for her late husband's ashes.
A brush fire has burned more than 400 acres and prompted evacuation orders and warnings for people living near Hemet.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
The Amazon founder said eliminating taxes for lower-income Americans could ease financial pressure and encourage entrepreneurship.
"These subjects did not discriminate in who they hated," said Mark Remily, special agent in charge of the FBI's San Diego Field Office.
The imam of a San Diego mosque that was targeted in Monday's shooting told CBS News that his community has seen a rise in "Islamophobia and anti-Muslim sentiment" in recent years.
A security guard who was among the victims killed in a shooting at the Islamic Center of San Diego is being hailed for his heroism and bravery during the attack.
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996 — an escalation in the U.S. pressure campaign against the Cuban government.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
Angered Arcadia residents flocked to the first city council meeting since their former mayor pleaded guilty to being a Chinese spy last week.
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
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.
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.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
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.
Aaron Rodgers says his 22nd season in the NFL will be his last.
Nick Kurtz had three hits and five RBIs, Brent Rooker and Zack Gelof homered and drove in three runs apiece as the Athletics beat the Los Angeles Angels 14-6.
Alex Call slid home with the tiebreaking run on Andy Pages' sacrifice fly off Mason Miller in the ninth inning, and the Los Angeles Dodgers hung on for a 5-4 victory over the San Diego Padres.
Athletics starter J.T. Ginn took a no-hitter into the ninth inning Monday night before Adam Frazier lined a leadoff single for the Los Angeles Angels and Zach Neto crushed a two-run walk-off homer to secure the unlikely 2-1 win.
The San Diego Padres snapped the Los Angeles Dodgers' five-game winning streak with a 1-0 victory.
A judge has paused the prosecution of a woman charged with the attempted murder of Rihanna while it is determined whether she is mentally competent to stand trial.
René Cárdenas, the first Spanish-language broadcaster for the Los Angeles Dodgers, Houston Astros and Texas Rangers during a 60-year career, has died.
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
Kalyna Astrinos, Michele Gile, and Rina Nakano gather with Irvine community members at The Lost Bean.
Nancy Davis, founder Race to Erase, talks about the 2026 gala event, June 5 at the Fairmont Century Plaza.
California Ranch Company offers trail rides through vineyards and the countryside of Temecula.
Meteorologist Evelyn Taft heads to the Irmas Youth Center in South LA, Where the LA County Sheriff's Department hosts free after-school programs through their Sheriff's Youth Foundation. The department is also hosting a recruiting event on June 11th at the Carson Event Center.
Emily Longeretta, director of features at Variety, talks about the upcoming season finale of “Survivor 50.”
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.
