CFPB Sues Zelle, Banks
This is a news story, published by Verge, that relates primarily to Zelle news.
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Consumer Financial Protection BureauVerge
•Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle
76% Informative
Zelle is a payment network designed to compete with payment platforms like Venmo and Cash App .
The CFPB says the banks “rushed” it to market, enabling fraud that’s cost consumers $870 million since it launched in 2017 .
Zelle pushed back on the lawsuit in a statement published on Friday .
VR Score
70
Informative language
64
Neutral language
71
Article tone
formal
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English
Language complexity
63
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Attention-grabbing headline
not detected
Known propaganda techniques
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Time-value
short-lived
External references
3
Source diversity
3
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