Apple Pay Most Likely To Be Regulated Like a Bank

Apple Pay Most Likely To Be Regulated Like a Bank

The U.S. Consumer Financial Protection Bureau (CFPB) has announced a new rule that will bring major digital payment providers, including Apple Pay, under bank-like supervision. This rule kicks in 30 days after it’s published in the Federal Register and will apply to digital payment platforms handling more than 50 million transactions a year in U.S. […]

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