Big Banks Under Investigation for Handling of Zelle Scams

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 7 August 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Aug. 7. WSJ exclusively reports that regulators are investigating how banks respond when customers dispute transactions made through Zelle. Banking reporter Andrew Ackerman has more. And Disney’s streaming and movie businesses are attracting consumers, unlike its theme parks. Heard on the Street tech columnist Dan Gallagher discusses the entertainment giant’s latest quarterly results. Plus, is it possible to drink too much water? Health and science reporter Jennifer Calfas explains the dangers of water intoxication. Francesca Fontana hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Revolute.
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0:23.4	Until 17th of September 2024.
0:25.6	18 plus, Tees and sees apply.
0:27.3	Exchange fees and fair usage limits apply.
0:29.2	Disney is getting consumers out of the house, just not to its theme parks, where the entertainment giant needs them the most.
0:39.0	And regulators are investigating how banks respond when customers say they paid a scammer over
0:45.1	Zell.
0:46.1	And then they give it near their billions of transactions.
0:48.1	They happen without any incident.
0:49.9	The problem is when you're talking about billions of transactions, a very small percentage
0:54.8	figure can add up to hundreds of thousands of disputed transactions.
0:58.6	Plus, is it possible to drink too much water?
1:02.0	We look at why water intoxication could actually be
1:04.8	dangerous. It's Wednesday, August 7th. I'm Francesca Fontana for the Wall Street
1:09.6	Journal. This is the PM edition of What's News?
1:13.0	The top headlines and business stories that move the world today.
	...

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