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 …

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