Apple Pay, other tech firms come under CFPB regulatory oversight

Nov 21, 2024

The top U.S. consumer watchdog will supervise Apple Inc. and other major technology firms that offer digital wallets and payment apps, finalizing a proposal from last year with several changes. The U.S. Consumer Financial Protection Bureau will now treat those companies more like banks as long as they handle more than 50 million transactions a year, conducted in U.S. dollars, according to a ...