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US CFPB drops 'Zelle' case against JPMorgan, BofA, Wells Fargo
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US CFPB drops 'Zelle' case against JPMorgan, BofA, Wells Fargo
Mar 4, 2025 9:49 AM

March 4 (Reuters) - The U.S. Consumer Financial

Protection Bureau on Tuesday said it was dropping a lawsuit

filed in December against three of the nation's largest banks

over their handling of the payment service Zelle, according to a

court filing.

The agency, which was virtually shuttered by President

Donald Trump last month, in December had accused JPMorgan Chase ( JPM )

, Bank of America ( BAC ) and Wells Fargo ( WFC ) of

failing to protect consumers from fraud costing hundreds of

millions of dollars.

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