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CFPB proposes federal oversight for digital wallets, payment apps

Por: Fox Business Business November 07, 2023

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Florida Bankers Association President and CEO Alex Sanchez discusses the impact of high interest rates on the market, the push for state-level regulations on stable coin and the regulatory environment for banks. The (CFPB) is calling for new federal regulatory oversight of nonbank companies that offer digital wallets and payment apps to consumers. The agency’s proposal aims to bring Big Tech companies and firms under the CFPB’s regulatory... + full article



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