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CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

Global Fintech & Digital Assets

DECEMBER 18, 2023

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. Further, “accepting and transmitting payment instructions” could be viewed to include transmitting payment instructions to a blockchain.

CFPB

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank

PSD2 Is Coming To Europe And Bringing Big Changes

PYMNTS

JULY 26, 2017

At the end of the year, a new regulation called the second Payment Services Directive (PSD2) will officially take effect, requiring banks, credit unions, financial institutions and FinTech companies across the continent to change the way they conduct business. What this PSD3 will cover, I don’t know,” he said.

Regulations

Regulations Credential FinTech Security

Payments Space

CFPB Proposes to Regulate Large Digital Wallet and Payment App Providers

PSD2 Is Coming To Europe And Bringing Big Changes

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