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CFPB sued for trying to regulate digital payment apps more like banks
CFPB sued for trying to regulate digital payment apps more like banks Illustration: Hugo Herrera / The VergeTwo major tech trade groups are challenging the Consumer Financial Protection Bureau’s (CFPB) effort to treat payment apps and digital wallets like banks. In a lawsuit filed in federal court in Washington, DC, NetChoice and TechNet claim that the CFPB’s digital payment regulation, announced on November 21st,...
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