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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

The proposal would subject certain large non-bank companies offering wallet and payment services to federal regulatory oversight on par with banks and credit unions. This Proposal is the sixth CFPB rulemaking (proposed or finalized) to clarify the scope of larger participants of markets for consumer financial products or services.

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For Meal Kits, Talk Of A Harvest (Box), And EBITDA

PYMNTS

In fact, to be specific, Mick Mulvaney , who as CFPB director heads the Office of Management and Budget (OMB), said that “part” of those food stamp benefits would be given over in a “Blue Apron-type program where you actually receive the items instead of receiv[ing] the cash.”. But one thing is for sure.

CFPB 42