The US CFPB drops its lawsuit against Zelle operator EWS, JPMorgan Chase, Bank of America, and Wells Fargo, after suing them in December over fraud allegations

The Consumer Financial Protection Bureau on Tuesday dismissed its lawsuit against the operator of the Zelle payments network and the three U.S. banks that dominate transactions on it. The CFPB sued Early Warning Services, which runs the peer-to-peer payments network, as well as JPMorgan Chase,…