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 enf

The Consumer Financial Protection Bureau dropped its case Tuesday against the peer-to-peer payment network along with Charlotte-based Bank of America and Wells Fargo, which has its largest employment hub in the city. JPMorgan Chase was also named in the lawsuit filed in December.

The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against several big banks for failing to safeguard the Zelle payments network from fraud. During the waning days of the Biden administration in late December,

The Consumer Financial Protection Bureau dismissed its lawsuit against Zelle operator Early Warning Services and the three banks that run transactions on it. The agency had accused JPMorgan Chase, Bank of America,