CFPB Proposes Increased Oversight of Digital Wallet and Payments ...

CFPB Proposes New Federal Oversight of Big Tech Companies and ...

Driven largely by Big Tech and other large technology firms, digital payment apps and wallets continue to grow in popularity, but many of the ...

CFPB Proposes Federal Oversight of Digital Wallet and Payment ...

The Consumer Financial Protection Bureau (CFPB) published a proposed rule on November 7, 2023, that, if finalized, would subject to its ...

CFPB Proposes Increased Oversight of Digital Wallet and Payments ...

The proposed rule would apply to nonbank payments companies that offer digital wallets or person-to-person payments through mobile and web applications.

CFPB proposes new federal oversight - Sia Partners

Digital wallet and payment apps subject to same supervisory standards as traditional financial institutions ... more trustworthy financial ...

CFPB Proposes New Oversight of Big Tech and Other Consumer ...

The proposed rule would subject larger nonbank providers of digital wallets and consumer payment apps, such as Apple, to the CFPB's examination powers.

CFPB proposes new oversight for payment tech firms

Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased ...

CFPB Proposes to Regulate Large Digital Wallet and Payment App ...

The proposal would subject certain large non-bank companies offering wallet and payment services to federal regulatory oversight on par with banks and credit ...

CFPB seeks to expand federal oversight for digital wallets ... - Deloitte

... regulatory scrutiny on nonbanks and require more mature compliance and ... proposed rule aiming to define a market for general-use digital consumer payment.

Defining Larger Participants of a Market for General-Use Digital ...

CFPB proposal to supervise large providers of consumer payment applications. ... wallet functionalities through digital applications for ...

CFPB Issues Proposal to Regulate Large Digital Wallet and ...

CFPB Issues Proposal to Regulate Large Digital Wallet and Payment ... The proposed rule may also be a harbinger of more regulation to follow.

CFPB proposes to expand oversight of digital payment apps offered ...

Proposed rule gives CFPB the authority to conduct supervisory examinations of larger nonbank providers of digital wallets and payment apps.

CFPB Unveils Plan to Supervise Big Tech Digital Wallet and ...

... payments companies are subjected to appropriate oversight. ... With its proposed Digital Consumer Payments Application Rule, the CFPB ...

CFPB Aiming to Oversee Digital Payments | HUB - K&L Gates

To fall under this exception (or comply with the proposed rule), cryptocurrency wallets and other digital payment providers would have to ...

Payment Pending: CFPB Proposes to Regulate Digital Wallets

... increase to $1.6 trillion by 2027. In November of 2023, the ... [3] CFPB Proposes New Federal Oversight of Big Tech Companies and ...

CFPB proposes new federal supervision of certain providers of ...

Examples include many consumer financial products and services that are commonly described as "digital wallets," "payment apps," "funds transfer ...

The CFPB Aims To Increase Its Oversight of Non-Bank Digital Wallet ...

... payments companies are subjected to appropriate oversight.” While the CFPB intends the proposed rule to put non-bank wallet providers under ...

CFPB Proposes Oversight for Big Tech and Digital Wallet Providers

... digital wallets and payment apps. This proposal ... increasing demand for digital payments and the modernization of payment processing.

CFPB Aims to Regulate Digital Wallet and Payment App Companies

The CFPB's proposed rule is aimed at addressing these concerns by introducing new regulations and oversight for digital wallet providers and other Big Tech ...

Regulating the Future: CFPB Proposes Oversight of Digital Payment ...

... digital wallet and payment application spheres. Under the rule, the criteria for an entity to be considered a “larger participant” are ...

Consumer Bureau Seeks to Supervise Digital Payment Apps

A proposed rule would subject Google, Apple, PayPal and other digital wallet providers to the same scrutiny that banks face.