Earlier this year, the Trump administration wisely dropped a Biden administration lawsuit against Zelle. But now Letitia James, the far-left attorney general of New York, has revived the bogus Biden claims in a new lawsuit against the money transfer network. If she prevails, the biggest beneficiaries will be fraudsters and scammers.
It’s striking that James is taking on a company that has realized such extraordinary growth since its launch in 2017. Today, it is used by more than 150 million American consumers and nearly 7 million small businesses.
Zelle payments to small businesses have tripled in the past three years. In 2024, Zelle processed more than $1 trillion in payments, up 27% from the previous year.
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Its popularity stems from its ease of use and its
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