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The CFPB proposes new powers to oversee companies that offer digital wallets and payment apps facilitating 5M+ transactions per year, or currently ~17 companies (Stefania Palma/Financial Times) 07-11-2023

Stefania Palma / Financial Times:
The CFPB proposes new powers to oversee companies that offer digital wallets and payment apps facilitating 5M+ transactions per year, or 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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