Apple Pay to Be Treated Like a Bank With Federal Scrutiny in the U.S.

MacRumors
By Hartley CharltonNov 21, 2024, 8:35 am508 pts
The Consumer Financial Protection Bureau (CFPB) has finalized a new rule that will bring Apple Pay and other major digital wallet services under the same oversight as banks. The CFPB today announced that, effective 30 days after its publication in the Federal Register, digital payment platforms processing over…

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