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

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

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