One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle –

In December, the federal Consumer Financial Protection Bureau, under the Biden administration, filed a lawsuit against Zelle, JP Morgan Chase, Bank of America, and Wells Fargo, claiming consumers lost more than $870 million because fraud claims weren’t properly investigated.

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.

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

One of the more baffling lawsuits in the final days of the Biden administration was the complaint against Zelle, the popular money transfer network. The Consumer Finance Protection Bureau argued that, despite Zelle’s service being free, the network’s users were being ripped off.

The popular payments platform Zelle is preparing to implement a major change to its mobile app services. The platform says it's preparing to terminate all transaction capabilities for businesses and consumers on the firm's standalone mobile app,