The CFPB has dismissed its lawsuit against Zelle and three major U.S. banks over alleged failures to investigate fraud ...

The decision to drop the case comes as the CFPB, now led by White House budget director Russell Vought, has dropped multiple ...

It had accused Zelle's operator and owner banks of failing to adequately investigate fraud and refusing to reimburse victims.

The Consumer Financial Protection Bureau is dropping its lawsuit against the company that runs the Zelle payment platform and ...

The Consumer Financial Protection Bureau (CFPB) dropped its suit against JPMorgan Chase (JPM), Bank of America (BAC), and ...

The case was dismissed "with prejudice," meaning it cannot be brought again, the Consumer Financial Protection Bureau said in a filing.

A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally ...

The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.