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Analysis-US consumer watchdog hands Wall Street rare win with Big Tech crackdown

The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf. The Consumer Financial Protection Bureau (CFPB) last week proposed regulating payments and smartphone wallets provided by tech leaders like Apple and Google, arguing they now rival traditional bank services in scale and scope and should be subject to the same consumer safeguards. The long-anticipated move by CFPB Director Rohit Chopra, who built his career targeting Big Tech over privacy and competition issues, gives a competitive boost to lenders grappling with an onslaught of new rules from capital hikes and caps on debit and credit cards fees to tougher fair lending standards.

Washington , District-of-columbia , United-states , Paige-pidano-paridon , Stephen-nellis , Richard-chang , Hannah-lang , John-coleman , Herrington-sutcliffe , Rohit-chopra , Todd-phillips , Google

US Watchdog Hands Wall St Rare Win With Big Tech Crackdown

US Watchdog Hands Wall St Rare Win With Big Tech Crackdown
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.

Washington , District-of-columbia , United-states , Todd-phillips , Rohit-chopra , Paige-pidano-paridon , Reuters , Consumer-financial-protection-bureau , Georgia-state-university , Federal-reserve , Google , Bank-policy-institute

US consumer watchdog hands Wall Street rare win with Big Tech crackdown

US consumer watchdog hands Wall Street rare win with Big Tech crackdown
borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.

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Analysis-US consumer watchdog hands Wall Street rare win with Big Tech crackdown

The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encroaching on banking turf....

Washington , District-of-columbia , United-states , John-coleman , Hannah-lang , Rohit-chopra , Herrington-sutcliffe , Todd-phillips , Paige-pidano-paridon , Stephen-nellis , Richard-chang , Consumer-financial-protection-bureau

U.S. consumer watchdog hands Wall Street rare win with Big Tech crackdown

U.S. consumer watchdog hands Wall Street rare win with Big Tech crackdown
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Washington , District-of-columbia , United-states , Todd-phillips , Herrington-sutcliffe , Paige-pidano-paridon , John-coleman , Rohit-chopra , Bank-policy-institute , Consumer-financial-protection-bureau , Federal-reserve , Georgia-state-university

US consumer watchdog hands Wall Street rare win with Big Tech crackdown, ET Telecom

The long-anticipated move by CFPB Director Rohit Chopra, who built his career targeting Big Tech over privacy and competition issues, gives a competitive boost to lenders grappling with an onslaught of new rules from capital hikes and caps on debit and credit cards fees to tougher fair lending standards.

Washington , District-of-columbia , United-states , Rohit-chopra , John-coleman , Todd-phillips , Herrington-sutcliffe , Hannah-lang , Paige-pidano-paridon , Georgia-state-university , Federal-reserve , Bank-policy-institute

ANALYSIS-US consumer watchdog hands Wall Street rare win with Big Tech crackdown

ANALYSIS-US consumer watchdog hands Wall Street rare win with Big Tech crackdown
devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.

Washington , District-of-columbia , United-states , Todd-phillips , Rohit-chopra , Paige-pidano-paridon , Herrington-sutcliffe , John-coleman , Bank-policy-institute , Federal-reserve , Google , Consumer-financial-protection-bureau

US watchdog hands Wall St rare win with Big Tech crackdown

US watchdog hands Wall St rare win with Big Tech crackdown

Washington , District-of-columbia , United-states , Rohit-chopra , Todd-phillips , Paige-pidano-paridon , Google , Consumer-financial-protection-bureau , Federal-reserve , Bank-policy-institute , Georgia-state-university , Reuters

Apple and Cash App: The new big banks

CFPB Director Rohit Chopra is launching a major regulatory crackdown at the nexus of finance and tech.

Washington , United-states , Florida , Blackrock , Pennsylvania , White-house , District-of-columbia , Texas , Ireland , World-bank , France , Americans

CFPB Issues Proposed Rule Offering Consumers Greater Access to and Control Over Their Financial Data | Ballard Spahr LLP

On October 19, 2023, the Consumer Financial Protection Board (“CFPB”) released a proposed rule that, if enacted, would grant consumers greater access rights to the data their financial...

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