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CFPB proposes federal oversight for digital wallets, payment apps

The Consumer Financial Protection Bureau proposed a new regulation to apply consumer financial protection rules to nonbank firms that offer payment apps and digital wallets. ....

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JPMorgan Chase CEO Jamie Dimon to sell company stock for first time

JPMorgan CEO Jamie Dimon plans to sell a portion of his family’s holdings in the bank for the first time, offloading 1 million of the 8.6 million shares, according to an SEC filing. ....

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PayPal bullish on crypto, launches dollar-backed stablecoin

PayPal on Monday rolled out a U.S.-dollar back stablecoin PayPal USD (PYUSD), becoming the first major fintech firm to introduce a digital currency for payments and transfers. ....

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