The CFPB has dropped a lawsuit accusing Zelle and its bank backers of failing to clamp down on fraud. It's Trump administration's latest move to drop enforcement actions.

Zelle has become a leading payment app in the U.S. for quick, cashless transactions among friends, family, and businesses.

Zelle is one of simplest ways to transfer money quickly, although limits have been established depending on the bank you use it with.

Zelle has become one of the most populating banking apps in the United States, although users must follow certain regulations.

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and three U.S. banks as federal agencies continue to pull back on previous ...

The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against Early Warning Services and several big banks for failing to safeguard the Zelle payments network from fraud.

(NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). The three banks are the primary financial institutions facilitating transactions through Zelle. Initially filed in December, the suit accused the ...

In December a federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on Zelle ...