Why Zelle moves twice as much money as Venmo and the Cash App combined

Zelle may not have its own clothing line or suggest emojis when you pay your friend, but the peer-to-peer payment service is moving serious money, and that seems to be raising eyebrows these days.

Sen. Elizabeth Warren has been taking aim at Zelle — and the big banks behind it — for not doing enough to protect consumers from fraud on the platform. She chewed out banking executives at a September congressional hearing and more specifically lit into Wells Fargo &…