
NY attorney general sues Zelle’s parent company after Trump administration drops similar case
New York’s attorney general has sued the parent company of the Zelle payment platform, months after the federal Consumer Financial Protection Bureau abandoned a similar case under the Trump administration. State Attorney General Letitia James sued Early Warning Services in New York state court on Wednesday. She alleges the company failed to protect Zelle users from fraud. The lawsuit came after the Consumer Financial Protection Bureau dropped a similar case this year after Trump administration moves to fire the agency’s leader and many of its workers while halting much of the bureau’s work. A spokesperson for Zelle called James’ lawsuit a political stunt.