The rule would prolong the supervisory function it already has in depository establishments similar to banks and credit score The rule would apply to corporations that deal with greater than 5 million transactions per yr, similar to PayPal, Apple,…
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CFPB
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Bitcoin NewsNews
CFPB examines Massive Tech’s function in cell cost techniques forward of rulemaking
by Jeremyby JeremyThe speedy improvement of shopper cost techniques, notably point-of-sale (POS) techniques, has obtained little regulatory consideration, in distinction to crypto belongings, Chopra mentioned:“Massive Tech firms have crept into the funds ecosystem to deepen shopper engagement on their platforms, harvest and…
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