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Navy Federal Wins Exit Bid In Zelle Fraud Suit

By Katryna Perera (January 19, 2023, 3:27 PM EST) -- A New Jersey federal judge tossed a proposed class action against Navy Federal Credit Union that accused it of failing to reimburse fraud losses on the Zelle digital payments network, finding that the suit failed to show that the credit union had an "obligation" to investigate the reported fraudulent transactions or reimburse account holders....

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