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VIDEO | 05:58
LA Times Today: Zelle scams prompt federal probe into whether banks are doing enough to protect customers

LA Times Today: Zelle scams prompt federal probe into whether banks are doing enough to protect customers

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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From splitting a meal to booking a family vacation, millions of people worldwide use Zelle to transfer money to friends, family and others. But a growing number of users are being targeted by scammers, losing large amounts of money in the process.

Lisa McRee talked to L.A. Times deputy editor Jon Healey about a federal investigation into Zelle scams.

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