The CFPB proposes new powers to oversee companies offering digital wallets and payment apps that facilitate 5M+ transactions per year, currently ~17 companies (Stefania Palma/Financial Times)
Stefania Palma / Financial Times:
The CFPB proposes new powers to oversee companies offering digital wallets and payment apps that facilitate 5M+ transactions per year, currently ~17 companies — Proposal would subject tech companies such as Apple and Google to new rules — The top US consumer finance regulator is seeking …