The Consumer Financial Protection Bureau has dropped its lawsuit over peer-to-peer payment system Zelle, the latest in a series of dismissals from this department under President Donald Trump’s administration. The agency had only just announced the suit — filed against Zelle’s operating entity Early Warning Services and partner banks JPMorgan Chase, Bank of America and Wells Fargo – in December. According to the initial action, the CFPB said that customers of the three banks had lost more than $870 million during the seven years Zelle has been
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