Introduction to the Zelle Payment Fraud Issue
Okay, if you’ve been a viewer of this channel for long enough, you know we’ve been **tracking** this whole Zelle payment fraud scam issue. Zelle **is** a payment system that came out probably about seven or eight years ago to be a competitor to things like PayPal, Cash App, or Venmo. It was **created** by several large banks Wells Fargo, JP Morgan, and so on. What they wanted to do was make it easy for people to make payments, which is a great and **innovative** idea. However, they made it too easy to the point where people were losing money.

Financial Losses Due to Scams
Over the years, many people have lost their life savings and their entire bank accounts **through** Zelle because scammers were able to get into the system and drain their accounts.

Live Consultation Offer
Now, **we’ll be** back **to** your video in just a few seconds. In the meantime, remember that ActualHuman.com offers you live one-on-one private video consultation with an expert in this exact subject. We want to listen to your story, hear your questions, give you expert **advice on** your options, and tell you what we know about your particular situation. Now, back to your video.

Federal Government Regulation
The federal government is stepping in to regulate and pass some rules that make Zelle less of a **scam-rich** environment. The Consumer Financial Protection Bureau (CFPB) has actually filed a lawsuit against Zelle to recover some losses, get fines paid, and also have them change their **operations** so that scams aren’t quite as easy.

Victim Resources and Final Thoughts
We’re going to keep an eye on this story. If you’ve been a victim of a Zelle scam, let us know in the comments below. You can also access our website, **ActualHuman.com**, for some victim resources to let you know what might be available to you if you’ve been a fraud victim. This is a good first step from the federal government to address the losses suffered by people who have experienced financial devastation from Zelle payment fraud.