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Meta, Apple At Risk of Increased Regulation of Digital Wallets

(Bloomberg) -- Meta Platforms Inc., Apple Inc., Alphabet Inc. and other companies that offer digital wallets and payment apps would fall under US Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseWeWork Goes Bankrupt, Signs Pact With C...
Bloomberg Businessweek Rohit Chopra Scott Talbott Lindsey Johnson Alphabet Inc Bloomberg Meta Platforms Inc
Source: yahoo.com

Bureau makes pitch to oversee nonbanks

Meta Platforms Inc., Apple Inc., Alphabet Inc. and other companies that offer digital wallets and payment apps would fall under U.S. Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.
Rohit Chopra Lindsey Johnson Scott Talbott Consumer Bankers Association Paypal Holdings Inc Us Consumer Financial Protection Bureau

Coalition of leading industry stakeholders voice continued support for vital Canadian Payments Act amendments

Leaders across Canada's payments industry continue to demonstrate unified support for amendments to the Canadian Payments Act to expand Payments Canada's membership. This support was previously expressed through various pre-budget consultation submissions, a joint letter to the Minister of Finance and a 2018 Department of Finance consultation.
United States Alex Vronces Elizabeth Mulholland Garry Foster Steve Boms Layial El
Source: yahoo.com

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