WASHINGTON, June 6 -- Sen. Ron Johnson, R-Wisconsin, ranking member of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, released the following opening statement from a hearing dated May 21, 2024, entitled "Fraud Alert!: Shedding Light on Zelle": * * * For nearly one year, the Permanent Subcommittee on Investigations has examined how certain financial institutions handle reports of fraud and unauthorized transactions on the payment network, Zelle.   more