The Trump administration isn’t slowing down its efforts to defang the Consumer Financial Protection Bureau (CFPB), with lawsuits dropped against a handful of big banks and financial services firms, most notably a case previously accusing payments app Zelle of failing to secure its network.
The CFPB dismissed its lawsuit Tuesday “with prejudice” against Zelle’s founder, Early Warning Services, along several big banks behind the payments app, including JPMorgan Chase, Bank of America, and Wells Fargo.
