Zell isn't getting sued anymore.

From Marketplace, I'm Sabri Beneshore in for David Brancaccio.

The Consumer Financial Protection Bureau is dropping its lawsuit against the operator of the payment platform, Zell, along with three large banks.

The Bureau had sued them in the final days of the Biden administration, alleging Zell and several of its owners failed to protect consumers from fraud.

So that is going away. Marketplace's Henry Epp reports.

In a court filing Tuesday, lawyers for the CFPB dismissed the lawsuit with prejudice, meaning they won't take up the case again.

A Zell spokesperson told CNBC the company welcomed the dismissal.

Just a few months ago, the Bureau alleged that banks, including Wells Fargo, Bank of America, and J.P. Morgan Chase, had rushed Zell to market to try to compete with startup payment apps like Venmo and Cash app.

The Bureau said that left Zell without safeguards to protect consumers from fraud, which led customers to lose

$870 million over seven years. The CFPB was intending to pay back fraud victims if the lawsuit was

successful. Now, it's just the latest CFPB action dropped since Trump took office. Others against

Capital One, Berkshire Hathaway, and a loan company were

dismissed last week. More broadly, the administration has attempted to dismantle the agency and

fire many of its employees. But on Monday, a federal judge upheld an order, pausing any mass

layoffs at the agency for now. I'm Henry App for Marketplace. ADP, that's the major payroll processing company. It says, according to its data and estimates,

the U.S. added 77,000 jobs in February. That is a dramatic drop from the 186,000 it estimated

for January. Joining us for more on this is Susan Schmidt,

portfolio manager at Exchange Capital Resources.

Hi, Susan.

Good morning.

You've got talent firms like Challenger Gray and Christmas recently saying they were expecting layoffs to accelerate

and that they were seeing more of them.

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