Consumer watchdog to oversee digital wallets, payment apps ...Middle East

The Hill - Technology
Consumer watchdog to oversee digital wallets, payment apps
source : The Hill ( Middle East ) () 127
Large companies that offer digital wallets and payment apps will now be overseen by the Consumer Financial Protection Bureau (CFPB).  The CFPB finalized a rule Thursday to bring companies handling more than 50 million transactions a year under its supervision. This will include Apple, Google, Amazon, PayPal, Block, Venmo and Zelle, according to CNBC.  "Digital payments have gone from novelty to necessity and our oversight must reflect this reality,” CFPB Director Rohit Chopra said in a statement. "The rule will help to protect consumer privacy, guard against fraud, and prevent illegal account closures."  The agency already had enforcement authority over these large digital paymen

Read More Details
Finally We wish PressBee provided you with enough information of ( Consumer watchdog to oversee digital wallets, payment apps )

Also on site :

Most viewed in Technology
Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions
CNBC - before 10 hours & 19 minute
Temu halts shipping direct from China as de minimis tariff loophole is cut off
CNBC - before 11 hour & 13 minute
Why Jeff Bezos is looking to unload up to $5B worth of Amazon shares
New York Post - before 11 hour & 53 minute
AMD Fails To Deliver MSRP Pricing With The Radeon RX 9070 XT; Retailers Now Selling SKUs Up To a Whopping $1,000 Price Mark
Wccf tech - before 11 hour & 48 minute
Yuji Horii Seems To Accidentally Confirm A Chrono Trigger Remake Is Coming [Updated With Quote From Yuji Horii]
Wccf tech - before 11 hour & 30 minute
Google Plans to Roll Out Gemini A.I. Chatbot to Children Under 13
The New York Times - before 10 hours & 54 minute
Apple Intentially Kept Its C1 Modem’s Capabilities Under Wraps Because It Was Found In A Less Premium iPhone; CEO Tim Cook Says That The Company ‘Can Produce Better Products’
Wccf tech - before 48 minute


Latest News

Apple Intentially Kept Its C1 Modem’s Capabilities Under Wraps Because It Was Found In A Less Premium iPhone; CEO Tim Cook Says That The Company ‘Can Produce Better Products’

before 48 minute

Ex-New Yorkers dish on why they moved to Florida for good: ‘People thought we were crazy’

before 8 hours & 53 minute

Google faces September trial over digital ad monopoly as DOJ pushes for breakup

before 9 hours & 46 minute

AMD Ryzen 5 9600X Dropped To Just 200 Euros For The First Time In Germany; Lowest Price Since Launch

before 10 hours & 19 minute

Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions

before 10 hours & 19 minute

Google Plans to Roll Out Gemini A.I. Chatbot to Children Under 13

before 10 hours & 54 minute

Temu halts shipping direct from China as de minimis tariff loophole is cut off

before 11 hour & 13 minute

Yuji Horii Seems To Accidentally Confirm A Chrono Trigger Remake Is Coming [Updated With Quote From Yuji Horii]

before 11 hour & 30 minute

AMD Fails To Deliver MSRP Pricing With The Radeon RX 9070 XT; Retailers Now Selling SKUs Up To a Whopping $1,000 Price Mark

before 11 hour & 48 minute

Why Jeff Bezos is looking to unload up to $5B worth of Amazon shares

before 11 hour & 53 minute

Narrative-Driven, Stealth-Action Game The Shadow Syndicate Adds Some Bullet-Time To Its 1930s Noir Setting

before 12 hour & 20 minute

Trump budget would eliminate CISA disinformation offices, alleging censorship

before 12 hour & 29 minute

SpaceX’s Latest Starship Flight 9 Test Has A Mysterious & Flashy Ending!

before 12 hour & 36 minute

Justice Dept. Lawyers Say US Wants to Break up Google’s Ad Technology

before 12 hour & 37 minute

EVE Online: Legion Expansion Revealed, Out on May 27; EVE Vanguard to Get Public Test on September 16 Ahead of Summer 2026 Early Access

before 12 hour & 53 minute