Tag: CFPB
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CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. Tech giants and payments firms that handle at least 50 million transactions annually will fall under the review, which is meant to ensure the newer entrants adhere to the…