US consumer finance regulator wants to extend oversight to Big Tech
Proposal would subject digital wallets and payment applications to more scrutiny
Proposal would subject digital wallets and payment applications to more scrutiny
Pons_Aelius, The proposal issued by the Consumer Financial Protection Bureau on Tuesday would subject non-bank companies that offer digital payments to a regulatory scheme similar to that for banks or credit unions.
If it looks like a duck, swims like a duck and quacks like a duck...
einlander, PayPal is gonna hate this. Good.
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