CFPB Finalizes Rule on Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking”
The final rule brings supervision to “Big Tech” and other widely used digital payment apps The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest non-bank companies offering digital funds transfer and payment wallet apps.
Earlier this month, we discussed the lawsuit filed by ACA International, LLC and Collection Bureau Services, Inc. in the U.S. District Court for ...
The Consumer Financial Protection Bureau (CFPB) was founded after the financial crisis of 2008 to rein in banks and other ...
With a new administration and GOP-controlled Congress, a wild swing in regulatory policy is coming to the Consumer Financial ...
ACA International, the association representing the accounts receivable industry, has filed suit against the CFPB, alleging ...
The Consumer Financial Protection Bureau recently released a report examining federal and state-level privacy protections for ...
New Street says the Consumer Financial Protection Bureau’s finalized rule that it will soon supervise non-bank firms that offer financial ...
Federal regulation is coming to payments apps offered by the country’s biggest tech companies. The Consumer Financial ...
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The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.
The Consumer Financial Protection Bureau could soon closely monitor payment systems run by Google, Apple and Venmo.
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