Consumer watchdog to oversee digital wallets, payment apps
Large companies that offer digital wallets and payment apps will now be overseen by the Consumer Financial Protection Bureau (CFPB). The CFPB finalized a rule Thursday to bring companies
The US Consumer Financial Protection Bureau will now regulate Apple Pay, Venmo and others
The CFPB will supervise Apple Pay, Google Pay, Venmo and others in the areas of privacy and surveillance, debanking (losing access to their app without notice) and errors and fraud. This could provide more options for opting out of data collection and restricting them from misrepresenting their data protection practices,
Consumer Financial Protection Bureau moves to place Google under supervision
The CFPB has taken steps to place Google under formal federal supervision, a move that could subject the company to regular insepctions.
Apple will now be treated like a bank, says US Consumer Financial Protection Bureau
The popularity of Apple Pay will now see the Cupertino company regulated by the US Consumer Financial Protection Bureau (CFPB),
Consumer Financial Protection Bureau finalizes rule to supervise apps like Google Wallet
The Consumer Financial Protection Bureau finalized a rule expanding its oversight over non-bank wallet apps hosted by big tech companies. Payment services and wallet apps from Apple, Google, Amazon, and others would fall under the CFPB's purview and potential scrutiny.
The Boston Globe1d
Trump and GOP eye new limits on Consumer Financial Protection Bureau
President-elect Donald Trump and Republicans in Congress are weighing vast changes to the Consumer Financial Protection ...
Tech giants get reality check: Government oversight incoming for financial services
The Consumer Financial Protection Bureau will now supervise tech firms that handle over 50 million transactions annually.
USA Today2d
US Consumer Financial Protection Bureau to supervise Big Tech payments, digital wallets
the U.S. Consumer Financial Protection Bureau said. The new rule finalized on Thursday will bring a burgeoning ...
Federal consumer protection agencies likely to be curbed in a new Trump administration
Under the first Trump administration, the Consumer Financial Protection Bureau significantly slowed its enforcement ...
Crowdfund Insider2d
Financial Technology Association Slams CFPBs New Payments Rule
The Financial Technology Association (FTA) has issued a statement criticizing the Consumer Financial Protection Bureau's new ...
MarketWatch11d
What Is the Consumer Financial Protection Bureau (CFPB)?
Created in response to the 2008 financial crisis, the Consumer Finance Protection Bureau (CFPB) is an independent federal government agency that aims to protect consumers from mistreatment by ...
CFPB expands oversight of digital payments services including Apple Pay and Cash App
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise ...