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

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

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.

Representatives for the CFPB, Wells Fargo, and Early Warning Services ... and the three banks of rushing the Zelle service to market to compete with apps like PayPal's Venmo and Block's Cash ...

(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 ...

The CFPB dropped a lawsuit against Zelle, JPMorgan, Bank of America and Wells Fargo on Tuesday. The lawsuit alleged the banks did not sufficiently protect customers from fraud on Zelle.

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 ...