(Reuters) — Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform’s refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers.
The lawsuit in a New York state court in Manhattan followed the U.S. Consumer Financial Protection Bureau’s decision in March to drop a similar case.
That agency has ended most enforcement activity following U.S. President Donald Trump’s return to the White House…