Attorney General James claims EWS violated New York law and is asking for restitution and damages for all New Yorkers harmed by scams on Zelle. “I look forward to getting justice for the New Yorkers who suffered because of Zelle’s security failures,” James said in the press release.

Electronic payment platform Zelle has been sued by New York Attorney General Letitia James over allegations that its lack of critical safety features has enabled scammers to steal over $1 billion from US consumers.

New York Attorney General Letitia James says the company, co-owned by major U.S. banks, failed to protect users. The company calls the suit "a political stunt."