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SAFE Federal Credit Union EVP & COO, Keith Troup; EVP & CAO, Alan Lewis; President & CEO, Michael Baker; and SVP/Chief Strategy Officer, Drew Huckeba hold checks to The United Way of South Carolina and The Salvation Army of South Carolina.

Simmons x Park Check Presentation

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WASHINGTON—Alleging Zelle “rushed to market” and that consumers have lost more than $870 billion due to fraud on Zelle, the CFPB has sued the operator of America’s most widely available peer-to-peer payment network and three of the nation’s largest banks for failing to protect consumers from “widespread fraud” on the payments app, the Bureau announced.